Federal Reserve Governor Waller: Stablecoins reliant on the dollar can enhance the global influence of the dollar
Federal Reserve Governor Christopher Waller, one of the seven members of the Federal Reserve Board, stated that so far, the impact of the cryptocurrency industry on the dollar seems to be actually helpful. As long as stablecoins are pegged to the dollar (which is currently true for 99% of tokens), they will enhance the global strength of the dollar.
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