U.S. Fed’s Vice Chair Barr Says CBDC Decision Still a ‘Long Way’ Off

“I remain deeply concerned about stablecoin issuance without strong federal oversight,” he said. “If non-federally regulated stablecoins were to become a widespread means of payment and store of value, they could pose significant risks to financial stability, monetary policy, and the U.S. payments system. It is important to get the legislative and regulatory framework right before significant risks emerge.”