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🇺🇸 The Fed is studying whether stablecoins are quietly eroding the dollar's plumbing
The day in view

🇺🇸 The Fed is studying whether stablecoins are quietly eroding the dollar's plumbing

Macro Soup Newsroom Macro Soup Newsroom 2 min read

Waller opened the Fed's annual dollar conference by centering its research on whether stablecoin settlement is already moving CIP spreads and undermining dollar liquidity oversight. June flash PMIs land Tuesday; May manufacturing printed 55.3 against a 53.8 forecast.

Economic calendar table for June 22-26 2026 listing US events including Fed Waller Speaks, CFTC positions, PMI readings and Treasury auctions.
Fed Governor Christopher Waller speaks on Monday as Treasury auctions and a light data calendar mark the post-Juneteenth lull in US markets. Source

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