“A host of companies, including Circle, have leveraged blockchain technology to support trillions of dollars of economic activity with fiat-referenced stablecoins,” the company told the Fed in a letter released Wednesday, responding to the Fed’s invitation to comment on a January report. “The introduction of a CBDC by the Federal Reserve could have a chilling effect on new innovations.”
Ethereum Developers Target Ease of Crypto Wallets With ‘EIP-3074’
The proposal, created as far back as October 2020, also allows for users to sign transactions that were submitted by...