Quarles: stablecoins, market fragmentation threaten stability

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Quarles: stablecoins, market fragmentation threaten stability

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MDJWHX Washington, District of Columbia, USA. 19th Apr, 2018. RANDAL K. QUARLES, Vice Chairman for Supervision, Board of Governors of the Federal Reserve System, testifies before the United States Senate Committee on Banking, Housing, and Urban Affairs on Capitol Hil for 'The Semiannual Testimony on the Federal Reserve's Supervision and Regulation of the Financial System.' Credit: Ron Sachs/CNP/ZUMA Wire/Alamy Live News | Alamy Stock Photo

Randal Quarles, the head of global regulator the Financial Stability Board, warned on Thursday that cryptocurrencies and increasing fragmentation of financial markets carried the greatest threats to market stability.

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