Fed’s Barr Flags Concerns About Stablecoins Without US Oversight
- Vice chair for supervision speaks at fintech conference
- Regulator earlier gave guidance to banks on crypto activities
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The Federal Reserve’s top bank watchdog, Michael Barr, says he’s “deeply concerned” about stablecoins without strong federal oversight.
Fed officials previously have expressed their unease about stablecoins, crypto tokens pegged to assets like the US dollar.