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Minneapolis Fed’s Kashkari Slams BTCUSD Utility, Warns Stablecoins Threaten Bank Lending

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The Story

News Summary

  • Minneapolis Fed President Kashkari criticized crypto as largely useless domestically and warned stablecoins could pressure traditional banking by reducing lending, emphasizing the continued dominance of fiat currencies and monetary policies worldwide.
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BTCUSD price history

76436.09 +11.14% over the displayed period

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