Wu Blockchain has learned that on September 4, the Federal Reserve published a FEDS Notes research article exploring how stablecoins, tokenized deposits, and tokenized money market funds could be included in the U.S. money supply statistics. The study suggests that payment stablecoins could be classified under M1 or M2 in the future depending on their use: if primarily used for daily payments, they could fall under M1; if mainly used for crypto transactions and short-term value storage, they would be closer to M2. Currently, payment stablecoins are not included in the U.S. money supply, and issues like data reporting, reserve asset double-counting, and global circulation scope still need to be addressed. The article also notes that tokenized deposits are already included in M1 or M2 alongside traditional deposits, while retail tokenized money market funds are counted under M2. The author emphasizes that this study reflects personal opinions and does not represent Federal Reserve policy discussions or decisions. https://(wublock123.com)/news/fed-research-payment-stablecoins-may-count-toward-m1-m2-67893