The Federal Reserve’s Chair, Jerome Powell has hinted at using an Ethereum-based interest reference rate in a transition from the London Interbank Offered Rate (Libor). Powell also detailed in a letter to Senator Tom Cotton (R-AR), that the Ethereum version of Libor, a software called “Ameribor” may not be for everyone. The United States Federal […] The post Fed Chair Jerome Powell Discusses Leveraging an Ethereum-Based Libor Replacement appeared first on Bitcoin News.
Fed Chair Jerome Powell Discusses Leveraging an Ethereum-Based Libor Replacement
Bitcoin.com - 5 Jun 2020 23:45
The Federal Reserve’s Chair, Jerome Powell has hinted at using an Ethereum-based interest reference rate in a transition from the London Interbank Offered Rate (Libor). Powell also detailed in a letter to Senator Tom Cotton (R-AR), that the Ethereum version of Libor, a software called “Ameribor” may not be for everyone. The United States Federal […] The post Fed Chair Jerome Powell Discusses Leveraging an Ethereum-Based Libor Replacement appeared first on Bitcoin News.
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