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Morning Edition · Friday, June 26, 2026Published at 6:31 AM EDT · New York
Stablecoins Become the Fed's Problem as Tether Briefly Outgrows Ethereum
With dollar tokens now a force in Treasury demand and bank funding, Tether's circulating supply momentarily surpassed Ethereum's market value, a marker of where crypto's money layer is heading.
Dollar-pegged stablecoins are turning from a crypto-trading tool into a question for monetary policy. As CryptoSlate notes, framing by Federal Reserve officials has recast stablecoins as a matter for Treasury demand, bank funding, and globa…
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