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Fed Governor Highlights the Potential of Stablecoins in Strengthening the Financial System

Fed Governor Highlights the Potential of Stablecoins in Strengthening the Financial System

The national debt of the United States has now surpassed $35 trillion, reflecting a significant increase of $500 billion in government liabilities over the past fortnight. This rapid escalation raises critical questions about fiscal sustainability and the role that innovations, such as stablecoins, could play in stabilizing the financial landscape.