Federal Reserve Governor Stephen Miran highlighted the potential impact of stablecoins on monetary policy, predicting their issuance could reach $1 trillion to $3 trillion. Speaking in New York, Miran noted that this growth could pose significant challenges for central banks globally. He emphasized that the demand for stablecoins, particularly from regions lacking access to dollar-denominated savings, could substantially increase the demand for dollar assets. Miran, recently confirmed as a council member, underscored the importance of addressing the implications of stablecoins' rapid expansion, especially among foreign users.