Fed's Waller Says Stablecoins Bring Competition to Payments, Pose No Danger
Federal Reserve Governor Christopher Waller said stablecoins are "just bringing competition into the payments world" and that there is "nothing dangerous about it," describing them as competition in payments rather than a threat.
The comments align with Waller's earlier view that the spread of stablecoins around the world could amplify the influence of US central-bank policy and extend the reach of US monetary policy.
From the sources (5 posts)
@stock_dutyFED'S WALLER: STABLECOINS COULD EXTEND REACH OF US MONETARY POLICY
@zerohedgeFed’s Waller Says Stablecoins Will Broaden Reach of US Policy
@businessFederal Reserve Governor Christopher Waller the spread of stablecoins around the world could amplify the influence of US central-bank policy
@coinmarketcapLATEST: 🏦 Fed Governor Christopher Waller says stablecoins are "just bringing competition into the payments world," declaring there’s “nothing dangerous about it.”
@cpofficialtxUPDATE: @FedGovernor Christopher Waller just called stablecoins "competition" in payments Says there's "NOTHING DANGEROUS about it" This changes everything.