#加密市场回调# The Fed released the minutes from the July meeting, which mentioned that many participants discussed recent and future developments related to payment stablecoins and their potential impact on the financial system. These participants noted that with the recent passage of the GEN Act (the U.S. Stablecoin Regulatory and National Innovation Act), the use of payment stablecoins may increase. They indicated that payment stablecoins help improve the efficiency of payment systems and also observed that such stablecoins may increase demand for the underlying support assets, including U.S. Treasury securities. Furthermore, the participants who shared their opinions also expressed concerns that stablecoins could have broader implications for banks and the financial system, as well as for the implementation of monetary policy, and thus warrant close attention, including monitoring various assets used to support stablecoins.