The ideal regulatory structure for stablecoins, a type of cryptocurrency backed by existing assets, has been a contentious question among members of Congress, especially in deciding the primary regulator.
Digital Currency

Explore our research into digital forms of currency and their potential impact on the economy.

Richmond Fed Research Director Kartik Athreya shares takeaways from the annual Technology-Enabled Disruption Conference, co-hosted by the Richmond, Atlanta and Dallas Feds.
FTX and its affiliated arms seemed to create a risky situation that ultimately fell apart.
Russell Wong discusses the emergence of stablecoin as an alternative to more volatile cryptocurrencies in the financial system. Wong is a senior economist at the Federal Reserve Bank of Richmond.
How might a CBDC alter the banking system? How does credit easing affect bank runs? These and other questions were addressed during a recent Richmond Fed conference.
Properly regulating stablecoins could achieve the same objectives as issuing a central bank digital currency.