Fed Governor Waller: Stablecoins could bring benefits in payments
Federal Reserve Board Governor Warrell stated that stablecoins, as a form of digital currency, can reduce the need for payment intermediaries and thus lower global payment costs. However, their security is not guaranteed, and if appropriate safeguards can be established to minimize operational risks and mitigate other risks associated with stablecoins, such as their potential use in illegal finance, stablecoins could bring benefits in terms of payments and serve as secure assets on various new trading platforms.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Metaplanet to raise $62M for more Bitcoin, with current stash at 1,142 BTC
Shiba Inu Lead Shytoshi Kusama Teases Airdrop & Partnerships
Japan to Dissolve ‘Web3 Project’ Team, Form New Crypto Unit
USDC Treasury destroys 50 million USDCs on Ethereum chain