Stablecoin Regulation: Decoding Michael Barr’s Call to Action

Stablecoin Regulation

US regulators are now engaged in discussions about fiat-backed digital assets, commonly referred to as stablecoins. Federal Reserve Vice Chair for Supervision, Michael Barr, has emphasized the necessity of government oversight for stablecoins. Speaking at a conference in Washington DC, Barr made it clear that ensuring the government’s regulatory supervision extends to stablecoins is vital.