Author: Simon Lawson

Simon Lawson has been a professional financial reporter for 6 years. He has in-depth research on the crypto industry and will release major crypto news in a timely manner.

The Federal Reserve has recently released a comprehensive report titled “Tokenization: Overview and Financial Stability Implications.” Authored by Francesca Carapella, Grace Chuan, Jacob Gerszten, Chelsea Hunter, and Nathan Swem, the report delves into the potential impacts and benefits of tokenized assets in the financial landscape.

The stablecoin economy has shown resilience despite a relatively lackluster performance over the past 30 days, with fluctuations slightly above or below the $124 billion mark. In the past 24 hours, the global trade volume for fiat and commodity-pegged tokens reached an impressive $11.55 billion.