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Ethereum-Based Interest Rate Benchmarks Suggested By Federal Reserve Chairman

Tracy CHEN

Summary: United States Federal Reserve Board Chairman, Jerome H. Powell, in a written statement published on May 28, said that Ethereum-based AMERIBOR was one alternative for LIBOR, a benchmark for short-term interest rates.The statement was a response to an inquiry from Senator Tom Cotton (R-AR) about interest rates. AMERIBOR mints non-fungible tokens using Parity smart contracts. Tracy Chen

United States Federal Reserve Board Chairman, Jerome H. Powell, in a written statement published on May 28, said that Ethereum-based AMERIBOR was one alternative for LIBOR, a benchmark for short-term interest rates.
The statement was a response to an inquiry from Senator Tom Cotton (R-AR) about interest rates. AMERIBOR mints non-fungible tokens using Parity smart contracts.

Tracy Chen