Federal Reserve Governor Stephen Miran spoke about stablecoins and monetary policy at the Blockchain & Venture Capital Summit in New York on Friday. He said that a lot of stablecoin usage would likely lower the neutral rate, and that Widespread stablecoin usage could push up the dollar’s value.
Key Takeaways
US Dollar Price Today
The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the Japanese Yen.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.12% | -0.19% | 0.29% | -0.53% | -0.22% | 0.14% | -0.10% | |
| EUR | 0.12% | -0.07% | 0.39% | -0.41% | -0.10% | 0.26% | 0.02% | |
| GBP | 0.19% | 0.07% | 0.44% | -0.37% | -0.03% | 0.34% | 0.09% | |
| JPY | -0.29% | -0.39% | -0.44% | -0.76% | -0.45% | -0.12% | -0.34% | |
| CAD | 0.53% | 0.41% | 0.37% | 0.76% | 0.31% | 0.65% | 0.43% | |
| AUD | 0.22% | 0.10% | 0.03% | 0.45% | -0.31% | 0.37% | 0.12% | |
| NZD | -0.14% | -0.26% | -0.34% | 0.12% | -0.65% | -0.37% | -0.24% | |
| CHF | 0.10% | -0.02% | -0.09% | 0.34% | -0.43% | -0.12% | 0.24% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).
Source: https://www.fxstreet.com/news/feds-miran-lots-of-stablecoin-usage-would-likely-lower-the-neutral-rate-202511072007
