The Fed once again warned about the risks of stablecoins
The US Federal Reserve (Fed) has published its semi-annual financial stability report, which once again highlighted the risks of using stable cryptocurrencies. The report notes that financial markets, including cryptocurrencies, have been significantly impacted by events in Ukraine, the spread of the Omicron coronavirus strain, and “significant and prolonged inflation.” At the same time, the total capitalization of stablecoins reaches $180 billion, of which 80% falls on the three largest ones – USDT, USDC and…
