Stablecoins have become the new focus of attention by the Federal Reserve, major U.S. banks, and China. It indicates that they have gained substantial popularity in the global finance discussions. Advertisement Advertisement Fed Recognizes the Efficiency of Stablecoins and Impact of GENIUS Act The minutes of the Federal Open Market Committee’s (FOMC) latest meeting of the Federal Reserve have shown that the stablecoins have become a part of a formal policy discourse. Participants also analyzed the current developments regarding payment stablecoins and what it means to the financial system. The comments highlighted that these coins could improve the efficiency of…