The Federal Reserve made it quite clear in their most recent minutes that we should beware the use of stablecoins within the cryptocurrency world. These coins seem to be benign enough, but I am afraid that the risks being take in trying to save money with them may be far too high. Saving money in currencies like stablecoins is no way to make sure that you DEFINITELY have money available to you when you need it. Today, we will discuss:

1. What stablecoins are

2. Why the Fed is worried about stablecoins

3. What risks are associated with stablecoin ownership

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