The US plans to peg cryptocurrencies to the dollar

At a meeting of the Federal Reserve Board, the US Federal Reserve proposed pegging digital currencies to the dollar. Some government officials believe that this decision will have a positive impact on the economic situation in America.

Given that crypto assets are experiencing a significant drop in value, and the annual inflation rate in the United States amounted to 8.6% (data for May 2022) and became the highest since December 1981, the Fed is ready to consider the possibility of including digital assets in the US financial system.

«This is a potentially very important financial innovation that will affect all Americans. Our plan is to work on both the political and technological side of the issue in the coming years. And then submit our recommendations to the Congress,» said US Federal Reserve Chairman Jerome Powell in late June.