Brookings Institution - Febspot

Brookings Institution

A collection of 2 posts

Banks warn stablecoins could drain deposits; regulators see limited impact so far — Images.cointelegraph.com

Banks warn stablecoins could drain deposits; regulators see limited impact so far

Banks have warned that stablecoins, particularly those offering yield, could pull deposits out of the banking system, but policy and finance experts and some regulators say there is little evidence of that happening so far. Standard Chartered estimated in a research note that stablecoin growth could drain bank deposits, saying

Stephen H. Hess, 92, Brookings scholar and adviser to presidents, dies — Static01.nyt.com

Stephen H. Hess, 92, Brookings scholar and adviser to presidents, dies

Stephen H. Hess, a longtime Brookings Institution scholar who advised presidents, wrote widely read books on government and the press, and served as a frequent, quotable commentator in Washington, died Sunday at his home in Washington. He was 92. His son James said the cause was prostate cancer. Mr. Hess