Waller: Stablecoins Create Dollar Intermediation Channels
Christopher Waller, a member of the U.S. Federal Reserve, stated that stablecoins and tokenized assets are changing the way the dollar is circulated internationally. At the "International Role of the Dollar" conference held in Washington D.C. on June 22, he discussed the impact of digital assets on the international role of the dollar. Waller explained that the scale and trust of the U.S. economy and financial markets are the traditional foundations of the dollar, while emphasizing that technological innovations are transforming the ways in which dollars are held and transferred. He mentioned that distributed ledger technology and stablecoins are creating new intermediation channels for the dollar in conjunction with the existing banking system. The meeting schedule of the Federal Reserve and the New York Fed included discussions on stablecoin transactions and blockchain-based financial infrastructure. Waller added that it is necessary to study whether stablecoins will enhance the international role of the dollar or create new tensions. The Bank for International Settlements analyzed that stablecoins are likely to reinforce the existing currency hierarchy initially, but pointed out that stablecoins in their current form do not sufficiently meet the core properties of money.
-- Price
This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.
You may also like

Coinbase CEO: On-chain Reputation Will Replace FICO Credit Scores

Ukraine to Develop Countermeasures Against 'Shahed' Drones Within Weeks

Honda and Nissan Collaborate on Next-Generation Automotive Software

Bitcoin Drops Below $77,000 as U.S. Economic Data Set to be Released This Week

Kalshi ruling puts CFTC prediction rules at risk

Crypto Funds: $3.2 Billion in One Week, Bank of America Hasn't Seen This Since October 2025

What Is Worth Preserving: Rupture On Remains, Decay, And The Collector's Dilemma

Fundamental Analysis of Cryptocurrencies: How to Evaluate Digital Assets Before Buying

AI Forces Diversification of Bitcoin Custody

Switchboard Halts Oracle Operations On SUI And Aptos After Potential Compromise

Central Bank Bans Advertising of Unlicensed Cryptocurrency and Payment Businesses

OKI vs IKE vs IKZE: What to Choose in 2026? Taxes, Limits, and Calculations for 2027

Charles Schwab Expands Crypto Platform Beyond Bitcoin And Ethereum

Natura Changes CEO: Carlucci Returns After a Decade

Focus: Inflation Eases, But Declining GDP Raises Concerns

Predictions of Market Regulation Spark a Political Battle

Warren Buffett Turns 96: The Investments That Made Him a Wall Street Legend

After MiniMax's Stock Price Rebounds 92%: What Remains When a Model Company Removes the Model

FBI and Australian police charge two in TeamPCP probe

Meta Faces Dilemma After AI Layoffs: Cybersecurity Incidents Up 40%, Cleanup Time Up 70%

Bitcoin Holds $78K As Strait Of Hormuz Strike Lifts Oil Above $90

Earnings from Cryptocurrency Led to a Russian Woman Losing 4.5 Million Rubles

Chinese AI Through the Eyes of Silicon Valley VCs: Sanctions Didn't Lock It Down, but Instead Brought Out a 'Monster'

Consolidation in Ranges and Rate Reevaluation: Trader Assesses Bitcoin and Ethereum Movement Scenarios

Action Strategy (MSTR): Is the bottom behind us now? Analysis by Vincent Ganne

The Government Officialized a New Salary Increase for Military, Security Forces, and Public Employees: How Much Will It Be

Alipay's Stance: Stablecoins Enter AI

Ontology halts mainnet block production over potential security concern

Digital Ruble Fails to Generate Significant Interest Among Russians, Says Sberbank





