New York Fed President Williams (who holds a permanent vote on the FOMC and is regarded as the third-most powerful figure at the Federal Reserve): Issues related to stablecoins are still in the early stages. Stablecoins are more about payment functionality than store of value. Stablecoins have not led to rising financial stability risks

New York Fed President Williams (who holds a permanent vote on the FOMC and is regarded as the third-most powerful figure at the Federal Reserve): Issues related to stablecoins are still in the early stages. Stablecoins are more about payment functionality than store of value. Stablecoins have not led to rising financial stability risks.