---
title: "Federal Reserve Governor Michelle Bowman: Stablecoins could significantly lower the R* rate.  
If R* declines, the policy rate should also decrease.  
When access to dollars is restricted, stablecoins can meet the demand.  
The growth of stablecoins should boost the supply of funds available for loans"
type: "News"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/news/264923818.md"
description: "Federal Reserve Governor Michelle Bowman stated that stablecoins could significantly lower the R* rate, thereby affecting the policy interest rate. When access to dollars is restricted, stablecoins can meet market demand. The growth of stablecoins is expected to increase the supply of funds available for loans"
datetime: "2025-11-07T20:05:48.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/264923818.md)
  - [en](https://longbridge.com/en/news/264923818.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/264923818.md)
---

> 支持的語言: [简体中文](https://longbridge.com/zh-CN/news/264923818.md) | [English](https://longbridge.com/en/news/264923818.md)


# Federal Reserve Governor Michelle Bowman: Stablecoins could significantly lower the R* rate.  
If R* declines, the policy rate should also decrease.  
When access to dollars is restricted, stablecoins can meet the demand.  
The growth of stablecoins should boost the supply of funds available for loans

Federal Reserve Governor Michelle Bowman: Stablecoins could significantly lower the R\* rate. If R\* decreases, the policy interest rate should also decrease. When access to dollars is restricted, stablecoins can meet the demand. The growth of stablecoins should boost the supply of funds available for loans.

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The market has risks, and investment requires caution. This article does not constitute personal investment advice and does not take into account the individual user's specific investment objectives, financial situation, or needs. Users should consider whether any opinions, views, or conclusions in this article align with their specific circumstances. Investment based on this is at one's own risk

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