Fed Chair Jerome Powell Endorses Ethereum-Backed Reference Rate Project To Replace LIBOR

Jerome Powell, the current Chair of the US Federal Reserve, recently stated that an Ethereum-backed blockchain project operating as a reference rate – called AMERIBOR – could serve as a potential replacement to LIBOR. Blockchain Project To Replace LIBOR? The London Interbank Offered Rate (LIBOR) has a significant role in global finance. It’s utilized to […]The post Fed Chair Jerome Powell Endorses Ethereum-Backed Reference Rate Project To Replace LIBOR appeared first on CryptoPotato.