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Stablecoins Risk a Rerun of Financial Crises Past

We shouldn't ignore the risks that stablecoins potentially pose to the financial system, says our columnist.

Updated Sep 14, 2021, 1:20 p.m. Published Jul 1, 2021, 8:07 p.m.
Randal Quarles, vice chairman for supervision of the Federal Reserve Board.
Randal Quarles, vice chairman for supervision of the Federal Reserve Board.