Trade The World
Fed’s Miran: Lots of stablecoin usage would likely lower the neutral rate
作者 Agustin Wazne
发布日期: 8 Nov 2025 | 修改日期: 8 Nov 2025
POPULAR ARTICLES
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.
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
Widespread stablecoin usage could increase risk of hitting zero lower bound.
Lots of stablecoin usage would likely lower the neutral rate.
I am encouraged by stablecoin integration into the financial system.
Wide stablecoin usage could push up the dollar's value.
The rise of stablecoins could drive even wider use of the dollar.
Widespread use of stablecoins could argue for lower Fed rates.”
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).
FXStreet
超过一百万用户依赖 FXStreet 获取实时市场数据、图表工具、专家洞见和外汇新闻。其全面的经济日历和教育网络研讨会帮助交易者保持信息领先、做出审慎决策。FXStreet 拥有约 60 人的团队，分布在巴塞罗那总部及全球各地区。
Read More
