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The Federal Reserve Board of Governors Milan: The widespread use of stablecoin may increase the risk of reaching the zero lower bound on interest rates.
[The Federal Reserve Board of Governors] Mylan: The widespread use of stablecoins may increase the risk of hitting the zero lower bound. [The Federal Reserve Board of Governors] Mylan stated that the extensive use of stablecoins may increase the risk of hitting the zero lower bound, and the large-scale use of stablecoins could drop the neutral interest rate; the rise of stablecoins may promote the broader use of the dollar, driving up the value of the dollar and causing the Fed's interest rates to drop.