{"id":56522,"date":"2025-11-10T13:30:10","date_gmt":"2025-11-10T10:30:10","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=56522"},"modified":"2025-11-10T11:32:36","modified_gmt":"2025-11-10T08:32:36","slug":"fed-stablecoin-demand-lower-rates","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/fed-stablecoin-demand-lower-rates\/","title":{"rendered":"Fed Chair Miran: Stablecoin Demand Could Lower Rates"},"content":{"rendered":"<p data-start=\"451\" data-end=\"731\">Federal Reserve (<a href=\"https:\/\/coinengineer.net\/blog\/fed-rate-decision-tonight-is-quantitative-tightening-ending\/\"><strong>Fed<\/strong><\/a>) Chair Stephen Miran stated that demand for <strong>stablecoin<\/strong>\u00a0could have a significant impact on the economy in the coming years. Speaking at the BCVC summit in New York, Miran noted that dollar-backed stablecoins could create downward pressure on interest rates.<\/p>\n<p data-start=\"733\" data-end=\"1138\">Miran explained that the growth of stablecoins might influence the Fed\u2019s neutral interest rate. A decrease in the neutral rate could prompt the central bank to lower its policy rates in response. According to CoinGecko, the current total market capitalization of all stablecoins is $310.7 million. Miran added that Fed research indicates this figure could grow to $3 trillion within the next five years.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/fed-stablecoin-demand-lower-rates\/#Impact_of_Stablecoin_Demand_on_the_Economy\" title=\"Impact of Stablecoin Demand on the Economy\">Impact of Stablecoin Demand on the Economy<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/fed-stablecoin-demand-lower-rates\/#GENIUS_Act_and_Regulatory_Framework\" title=\"GENIUS Act and Regulatory Framework\">GENIUS Act and Regulatory Framework<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/coinengineer.net\/blog\/fed-stablecoin-demand-lower-rates\/#Importance_of_Stablecoins_for_Investors_and_the_Market\" title=\"Importance of Stablecoins for Investors and the Market\">Importance of Stablecoins for Investors and the Market<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/coinengineer.net\/blog\/fed-stablecoin-demand-lower-rates\/#Bullet_List_Stablecoin_Effects_on_the_Fed_and_Market\" title=\"Bullet List: Stablecoin Effects on the Fed and Market\">Bullet List: Stablecoin Effects on the Fed and Market<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 data-start=\"1140\" data-end=\"1188\"><span class=\"ez-toc-section\" id=\"Impact_of_Stablecoin_Demand_on_the_Economy\"><\/span>Impact of Stablecoin Demand on the Economy<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"1190\" data-end=\"1460\">According to Miran, stablecoins may increase demand for U.S. Treasury bonds and other liquid dollar assets from investors outside the United States. \u201cI expect stablecoin demand to continue rising, which could have a trillion-dollar effect on monetary policy,\u201d he said.<\/p>\n<p data-start=\"1462\" data-end=\"1800\">International organizations, including the International Monetary Fund (IMF), have warned that stablecoins could pose risks to traditional financial instruments and services. U.S. banking groups have also expressed concerns, stating that stablecoins may attract potential banking customers and urging Congress to strengthen regulations.<\/p>\n<h2 data-start=\"1802\" data-end=\"1843\"><span class=\"ez-toc-section\" id=\"GENIUS_Act_and_Regulatory_Framework\"><\/span>GENIUS Act and Regulatory Framework<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"1845\" data-end=\"2084\">Miran highlighted that the GENIUS Act provides clear guidelines for stablecoin regulation and ensures consumer protection. The law requires stablecoin issuers to hold reserves backed by safe and liquid U.S. dollars at a one-to-one ratio.<\/p>\n<p data-start=\"2086\" data-end=\"2303\">\u201cAlthough I usually approach new regulations with caution, the GENIUS Act gives me significant confidence. This framework provides legitimacy and accountability compatible with traditional dollar holdings,\u201d he said.<\/p>\n<h2 data-start=\"2305\" data-end=\"2365\"><span class=\"ez-toc-section\" id=\"Importance_of_Stablecoins_for_Investors_and_the_Market\"><\/span>Importance of Stablecoins for Investors and the Market<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"2367\" data-end=\"2621\">Stablecoins provide liquidity and security for investors while indirectly affecting interest rate policies. Miran emphasized that the growth of stablecoins may increase global investor demand for dollar assets, creating important economic implications.<\/p>\n<h3 data-start=\"2623\" data-end=\"2682\"><span class=\"ez-toc-section\" id=\"Bullet_List_Stablecoin_Effects_on_the_Fed_and_Market\"><\/span>Bullet List: Stablecoin Effects on the Fed and Market<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul data-start=\"2683\" data-end=\"2962\">\n<li data-start=\"2683\" data-end=\"2752\">\n<p data-start=\"2685\" data-end=\"2752\">Can lower the neutral interest rate, influencing Fed policy rates<\/p>\n<\/li>\n<li data-start=\"2753\" data-end=\"2815\">\n<p data-start=\"2755\" data-end=\"2815\">Increases demand for U.S. Treasury bonds and dollar assets<\/p>\n<\/li>\n<li data-start=\"2816\" data-end=\"2889\">\n<p data-start=\"2818\" data-end=\"2889\">May create competition for traditional banking and financial services<\/p>\n<\/li>\n<li data-start=\"2890\" data-end=\"2962\">\n<p data-start=\"2892\" data-end=\"2962\">Provides legitimacy and accountability through regulatory compliance<\/p>\n<\/li>\n<\/ul>\n<p data-start=\"2125\" data-end=\"2421\"><em>You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener\">Telegram,\u00a0<\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener\">YouTube<\/a>,\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\">Twitter<\/a>\u00a0channels for the latest news and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Federal Reserve (Fed) Chair Stephen Miran stated that demand for stablecoin\u00a0could have a significant impact on the economy in the coming years. Speaking at the BCVC summit in New York, Miran noted that dollar-backed stablecoins could create downward pressure on interest rates. Miran explained that the growth of stablecoins might influence the Fed\u2019s neutral interest<\/p>\n","protected":false},"author":36,"featured_media":53170,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[657,2],"tags":[58,12754,643,640,14489,2345,501,488,8131],"class_list":["post-56522","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-en","category-news","tag-cryptocurrency","tag-digital-dollar","tag-economy","tag-fed","tag-genius-act","tag-interest-rates","tag-investment","tag-stablecoin","tag-u-s-federal-reserve"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Fed Chair Miran: Stablecoin Demand Could Lower Rates - Coin Engineer<\/title>\n<meta name=\"description\" content=\"Fed Chair Miran says rising stablecoin demand may lower U.S. interest rates and impact the economy in the coming years.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/fed-stablecoin-demand-lower-rates\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fed Chair Miran: Stablecoin Demand Could Lower Rates - 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