Bracewell Crypto News Today

House Financial Services Committee held hearings on central bank digital currencies CBDCs with testimony from Dr. Lael Brainard, Federal Reserve Board of Governors vice chair. Sam Folb discusses takeaways with Anne Termine on this episode of Bracewell Crypto Bits.

What are stablecoins? They’re digital assets designed to maintain a constant, or stable, value relative to other certain assets. One common example are stablecoins tied to the US dollar, where one US dollar stablecoin has an equivalent value to one US dollar.