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Treasury Sec’y Janet Yellen to discuss stablecoins with regulators next week

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Treasury Secretary Janet Yellen speaks during the daily press briefing on May 7, 2021, in the Brady Briefing Room of the White House in Washington, DC.

Saul Loeb | AFP | Getty Images

U.S. Treasury Secretary Janet Yellen will meet with the President’s Working Group on Financial Markets next week to discuss the role stablecoins could play in the financial system.

The meeting will take place Monday and include representatives from the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation, the Treasury announced Friday.

Stablecoins are digital currencies designed to be less volatile than other cryptocurrencies by pegging their market value to an outside asset…



Source cnbc.com

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