Are Crypto Stablecoins Worth Going Head To Head With The Fed?
Stablecoins could be an attractive combination of a high-yield crypto investment and safety net for investors. However, the Federal Reserve's Chairman, Jerome Powell, has said that if stablecoins are going to be part of payments, then the U.S. needs to establish "appropriate framework" for them. The market gets nervous anytime the Fed suggests more oversight -- but happily for investors, stablecoins seem poised to be a solid income investment in the short-term. In the long-term stablecoins' ability to draw investors into other cryptocurrency should make them a solid long-term investment regardless of the actions the Fed may take.
Source Fool.com
