Federal Reserve Governor Paul Waller: Stablecoins Can Boost Overall Demand for the Dollar
2025-07-10 21:37:04
It's a good thing that stablecoins will enhance competition in the payment system, Federal Reserve Governor Paul Waller said Thursday. Speaking at an event at the Federal Reserve Bank of Dallas, Waller said the rise of stablecoins will make many types of payments cheaper and faster. "As a free-market capitalist economist, my goal is to lower costs for households, consumers and businesses through competition in the payments space," Waller said. He also said that stablecoins may dampen demand for U.S. paper money but strengthen overall demand for dollars.
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