'Ethereum-Based' LIBOR Alternative Gets a Nod From Fed Chairman


Jerome Powell. Source: a video screenshot, Youtube/CNBC Television The US Federal Reserve (Fed) Chairman Jerome Powell has seemingly expressed support for an "Ethereum-based" replacement of LIBOR, the average interest rate at which major global banks borrow from one another, stressing that it may not be suitable for everyone. This alternative to LIBOR (the London Interbank Offered

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