Federal Reserve Governor Stephen Miran in a speech in November detailed how he believes that stablecoins might help lead America’s financial “reboot,” which may lower interest rates.
Miran spoke at the BCVC Summit 2025, at the Harvard Club of New York City about the “global stablecoin glut” and its implications for monetary policy. He is the latest governor to be confirmed to the Federal Reserve Board of Governors and previously served as President Donald Trump’s chair of the Council of Economic Advisers.
Miran said that the passage of the GENIUS Act, which established a clear regulatory framework for stablecoins, helps “broaden their reach…
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