Fed's Waller: Stablecoins bring benefits to the payment system

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Fed's Waller: Stablecoins bring benefits to the payment system - Channel News Asia

Quick Summary:

Federal Reserve Governor Christopher Waller said on Friday that stablecoins are a good thing for the nation’s payment system, but he doubts the financial system can support a large number of these assets.

But he added, “Do I think there's going be 100 stable coins circulating after legislation happens? I don't think so.

FILE PHOTO: Federal Reserve Governor Christopher Waller speaks during The Clearing House Annual Conference in New York City, U.S.November 12, 2024.