https://www.federalreserve.gov/econres/notes/feds-notes/payment-stablecoins-and-cross-border-payments-benefits-and-implications-for-monetary-policy-20260330.htm

https://www.federalreserve.gov/econres/notes/feds-notes/payment-stablecoins-and-cross-border-payments-benefits-and-implications-for-monetary-policy-20260330.html https://www.federalreserve.gov/econres/notes/feds-notes/paym... This is one recent paper, but with this and other personnel details (eg. Fed governors attending the last few "A Very Stable Conferences", ex-Fed people working at Circle / doing stablecoin startups) you can infer that the Fed is more pro-stablecoin than you think. Why? Cross-border payments are hard, CBDCs are unpopular / politically infeasible, and Fedwire takes up a ton of balance sheet capacity (etc).