[Federal Reserve Governor Milan: Stablecoins May Impact Neutral Interest Rate and Zero Lower Bound Risk]
Federal Reserve Governor Milan stated that the widespread use of stablecoins could increase the risk of hitting the zero lower bound, while the extensive use of stablecoins might lower the neutral interest rate.
The current total market value of cryptocurrencies is $3.65 trillion, with a 24-hour growth of $98.314 billion, an increase of 2.77%. Among them, Bitcoin accounts for 56.44% of the market value, while Ethereum accounts for 11.56% of the market value.