Fed Governor Waller Discusses Stablecoins' Role in Expanding US Monetary Policy Influence
Federal Reserve Governor Christopher Waller stated that stablecoins could enhance the global reach of U.S. monetary policy by acting as a fixed exchange rate system for adopting countries, thereby importing U.S. monetary costs. He reiterated his support for regulated stablecoins and criticized central bank digital currencies (CBDCs), noting limited adoption outside China and Europe.
Topics: CBDCs Fed monetary policy stablecoins