Fed’s Miran Says Stablecoins to Put Downward Pressure on Rates

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Federal Reserve Governor Stephen Miran believes that the growth of stablecoins could lead to downward pressure on interest rates, potentially affecting the economy's neutral interest rate.

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Market impact analysis based on bearish sentiment with 80% confidence.

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Bearish
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80%

Article Context

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Federal Reserve Governor Stephen Miran said the growth of stablecoins could over time put substantial downward pressure on the neutral interest rate that would neither stimulate nor restrict the economy.

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Original article published by Bloomberg on November 7, 2025.
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