Fed discusses stablecoins extensively in recent FOMC meeting following GENIUS Act passage

Federal Reserve officials focused significantly on stablecoins during their July 29-30 meeting, analyzing potential impacts on the financial system following the passage of the GENIUS Act. In the minutes released on Aug. 20, the members of the Federal Open Market Committee (FOMC) mentioned the digital tokens multiple times source: https://cryptoslate.com/fed-discusses-stablecoins-extensively-in-recent-fomc-meeting-following-genius-act-passage/