The rise of cryptocurrencies could challenge the dominance of the US dollar, new Fed paper says

Business Insider
Oct 7, 2021, 10:44 am106 pts
Bitcoin. StudioEast/Getty Images The increasing usage of cryptocurrencies could threaten the dominance of the US dollar, the Federal Reserve warned. But the research paper Fed economists said it is unlikely this alone could "completely offset" the standing of the dollar. The paper comes as the Fed is expected…

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