Latest FOMC minutes show Fed discussed stablecoins during July meeting… That’s right. Stablecoins. “Payment stablecoins could help improve the efficiency of the payment system.” https://t.co/FfbBIdmDwK
🇺🇸 FED Minutes: Participants highlighted that payment stablecoins may enhance payment efficiency and increase demand for Treasuries. Mass adoption. https://t.co/5maHmQzz0y
"Many participants discussed developments related to payment stablecoins. They remarked that stablecoins could help improve the efficiency of the payment system. They also observed that stablecoins could increase demand for the assets needed to back them, including Treasuries." https://t.co/5MfRyagCcI
Minutes from the Federal Reserve’s July policy meeting, released on 20 Aug 2025, show that officials extensively discussed payment stablecoins, citing their potential to improve the efficiency of the U.S. payments system. Policymakers said widespread use of stablecoins could lift demand for the high-quality assets, including Treasuries, required to back them. The term “stablecoin” appears eight times in the document, marking one of the Fed’s most detailed public considerations of the technology to date. Participants also underscored the importance of the central bank’s Standing Repo Facility and called for additional research into establishing central clearing for that backstop.