Why Is the Fed so Scared of Stablecoins?

<p><span style="font-weight: 400;">On this edition of “The Breakdown’s Weekly Recap,” NLW looks at:</span></p> <ul> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">News that Brian Brooks left Binance.US after a fundraise proved unsuccessful </span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Why Coinbase is investing $500B in crypto </span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">The Fed’s discussion of stablecoins at last month’s FOMC meeting </span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Which nations rank atop Chainalysis’ new adoption index </span></li> </ul> <div data-pm-slice="1 1 []" data-en-clipboard="true">Enjoying this content?</div> <div> </div> <div>SUBSCRIBE to the Podcast</div> <div>Apple:  <a href= "https://podcasts.apple.com/podcast/id1438693620?at=1000lSDb" rev= "en_rl_none">https://podcasts.apple.com/podcast/id1438693620?at=1000lSDb</a></div> <div>Spotify: <a href= "https://open.spotify.com/show/538vuul1PuorUDwgkC8JWF?si=ddSvD-HST2e_E7wgxcjtfQ" rev= "en_rl_none">https://open.spotify.com/show/538vuul1PuorUDwgkC8JWF?si=ddSvD-HST2e_E7wgxcjtfQ</a></div> <div>Google: <a href= "https://podcasts.google.com/feed/aHR0cHM6Ly9ubHdjcnlwdG8ubGlic3luLmNvbS9yc3M=" rev= "en_rl_none">https://podcasts.google.com/feed/aHR0cHM6Ly9ubHdjcnlwdG8ubGlic3luLmNvbS9yc3M=</a></div> <div> </div> <div>Follow on Twitter:</div> <div>NLW: <a href="https://twitter.com/nlw" rev= "en_rl_none">https://twitter.com/nlw</a></div> <div>Breakdown: <a href="https://twitter.com/BreakdownNLW" rev="en_rl_none">https://twitter.com/BreakdownNLW</a></div> <p><em><span style="font-weight: 400;">“The Breakdown” is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Only in Time” by Abloom.