Name: Fed’s Michael Barr: Crypto ‘Unlikely' to Grow Into Money Substitutes
Uploaded: 2022-10-12T20:45:36.000Z
Duration: 3 min 4 s
Description: Federal Reserve Vice Chair for Supervision Michael Barr spoke at a DC Fintech Week event, noting that crypto is "unlikely to grow into money substitutes and become a viable means to pay for transactions" due to the high volatility. Plus, he explains why stablecoins could post potential risks to financial stability.

CD20$2,061.450.13%BTC$77,065.930.63%ETH$2,111.620.97%XRP$1.360.83%SOL$85.500.56%

Fed’s Michael Barr: Crypto ‘Unlikely' to Grow Into Money Substitutes | CoinDesk Videos

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CD20$2,061.450.13%BTC$77,065.930.63%ETH$2,111.620.97%XRP$1.360.83%SOL$85.500.56%

Fed’s Michael Barr: Crypto ‘Unlikely' to Grow Into Money Substitutes | CoinDesk Videos