Fixed exchange rate + USD cost input, developing countries using stablecoins is like handing over the remote control of monetary policy—this isn't financial inclusion, it's financial colonization 2.0.

Mars Finance News, on May 31, Federal Reserve Board Member Waller stated during a special discussion at the 32nd Dubrovnik Economic Conference that the widespread adoption of stablecoins worldwide could amplify the impact of Federal Reserve policies. "For countries that adopt stablecoins, it's like a fixed exchange rate system. You input the cost of U.S. currency, so in countries that use stablecoins more, it effectively expands the reach of U.S. monetary policy." (Jin10)