Federal Reserve's Schmidt: Instant payment systems expected to "surpass" stablecoins

Odaily Planet Daily reports that Federal Reserve’s Smith said that the payment system will undergo many changes, and the real-time payment system is expected to “surpass” stablecoins. (Jin10)

View Original
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Opfi Investment: The Federal Reserve Faces a Dilemma in Its Dual Mandate of Employment and Inflation

Analyst Benjamin Louvet from OpFi Investment pointed out that the Federal Reserve faces challenges in balancing inflation and employment, and may not choose to raise interest rates. Additionally, declining revenues in Gulf countries could impact U.S. debt financing, forcing the Fed to lower interest rates or resume bond purchases.

GateNews13m ago

Middle Eastern conflict severely impacts the global economy! OECD: U.S. inflation may surge to 4.2%, the Federal Reserve will delay interest rate cuts, and Europe may be forced to raise rates.

According to OECD forecasts, the Middle East war is driving up global inflation and weakening the economy, with the US inflation rate expected to reach 4.2%. Central banks around the world are becoming more cautious with monetary policy; the Federal Reserve may delay interest rate cuts, while the European Central Bank might raise rates. The energy crisis has become a major obstacle to the global economy.

動區BlockTempo48m ago

After the U.S. initial unemployment claims data was released, the probability of the Federal Reserve raising interest rates by 25 basis points in April is 6.2%.

BlockBeats News, March 26 — The number of initial unemployment claims in the United States for the week ending March 21 was 210,000, matching the expected 210,000, and slightly higher than the previous 205,000. According to CME "FedWatch" data, after the release of today’s U.S. initial jobless claims data, the probability of the Federal Reserve raising interest rates by 25 basis points in April is now 6.2%, while the probability of keeping rates unchanged is 93.8%.

BlockBeatNews1h ago

Australia Central Bank Signals Support for Tokenization Adoption

Australia is stepping into the future of finance with a clearer vision. The Reserve Bank of Australia now believes tokenization could bring major economic value. Reports suggest it could add up to $16.7 billion each year. This marks a big shift, as Australia moves from doubt to active planning in

Coinfomania1h ago

Reuters Survey: 79% of Economists Expect the Federal Reserve to Cut Rates 1-2 Times This Year

Gate News reports that on March 26, Reuters surveyed 82 economists, and the results showed that 65 of them (about 79%) believe the Federal Reserve will cut interest rates once or twice this year.

GateNews2h ago

The U.S. Department of Labor's proposed new regulation has been approved by the White House, which will determine whether retirement funds can invest in cryptocurrencies.

The proposed rule by the U.S. Department of Labor has been approved by the White House, potentially allowing cryptocurrencies and private equity to be included in 401(k) plans, aiming to change investment options in the $10 trillion market. The proposal originates from an executive order by Trump, emphasizing the facilitation of alternative investments.

BlockBeatNews4h ago
Comment
0/400
No comments