The Federal Reserve meeting minutes mentioned "stablecoin" eight times.

BlockBeats News, August 21st. The minutes of this week's Federal Reserve meeting mentioned "stablecoins" eight times, with many participants discussing recent and future developments related to payment stablecoins and their potential impact on the financial system. These participants noted that with the recent passage of the "GENIUS Act" (the "U.S. Stablecoin Guidance and National Innovation Act"), the use of payment stablecoins may increase.

Payment stablecoins help improve the efficiency of the payment system, and it has also been observed that such stablecoins may increase demand for the underlying assets supporting them (including U.S. Treasuries). (Jinshi)