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Rapid Stablecoin Adoption Could Pose Deep Risks, Fed Says

By Philip Rosenstein (November 15, 2019, 9:03 PM EST) -- Stablecoins present an opportunity to foster more affordable and inclusive payment systems to the benefit of "consumer welfare," but they could also create systemic risks to financial stability and pave avenues for nefarious activity, according to a Federal Reserve report published Friday....

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