The rise of stablecoins, cryptocurrencies backed by stable assets like the dollar, could be a game changer for the global financial system. As the debate over their regulation rages, an influential voice has taken a stand. Christopher Waller, governor of the U.S. Federal Reserve, said that under certain conditions, these digital assets could benefit the traditional financial system. His remarks, delivered at a conference at the Institute for Advanced Study on October 18, shed more light on how stablecoins could transform the way payments are made globally.
The article Crypto: A Fed governor creates surprise with a shocking statement on stablecoins appeared first on Cointribune.