美联储理事米兰：稳定币可能会大幅压低R利率（即中性利率）。如果R下降，政策利率也应该下降。当获取美元的渠道受限时，稳定币能满

Core Insights - The Federal Reserve Governor, Milan, suggests that stablecoins could significantly lower the neutral interest rate (R) [1] - A decrease in R would imply a reduction in policy interest rates [1] - Stablecoins can fulfill demand when access to dollars is restricted, potentially increasing the supply of funds available for loans [1]