PANews reported on November 8th, citing Coindesk, that Federal Reserve Governor Stephen Miran stated in a speech in New York on Friday, "Stablecoins could become a multi-trillion-dollar thorny issue for central bank officials around the world." He said that Fed staff predict "stablecoin issuance will reach $1 trillion to $3 trillion." "Currently, the total outstanding national debt is less than $7 trillion." "If these predictions are accurate, the additional demand for stablecoins will be substantial. Therefore, I expect most of the demand for stablecoins to come from regions that lack access to dollar-denominated savings instruments, which will boost demand for dollar assets." Stephen Miran has recently been confirmed as a new member of the council, focusing on the potential significant impact of stablecoins and their explosive growth (especially the growth of foreign users) on monetary policy.PANews reported on November 8th, citing Coindesk, that Federal Reserve Governor Stephen Miran stated in a speech in New York on Friday, "Stablecoins could become a multi-trillion-dollar thorny issue for central bank officials around the world." He said that Fed staff predict "stablecoin issuance will reach $1 trillion to $3 trillion." "Currently, the total outstanding national debt is less than $7 trillion." "If these predictions are accurate, the additional demand for stablecoins will be substantial. Therefore, I expect most of the demand for stablecoins to come from regions that lack access to dollar-denominated savings instruments, which will boost demand for dollar assets." Stephen Miran has recently been confirmed as a new member of the council, focusing on the potential significant impact of stablecoins and their explosive growth (especially the growth of foreign users) on monetary policy.