Federal Reserve Board Member Waller: The widespread adoption of stablecoins will amplify the Federal Reserve's policy influence
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)