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Fed's Waller says stablecoins bring benefits to US payments system

Channel News Asia LogoChannel News Asia7h ago

Fed's Waller says stablecoins bring benefits to US payments system - Channel News Asia

Quick Summary:

Federal Reserve Governor Christopher Waller said on Friday that stablecoins are a good thing for the U.S.payments system, but he doubts the financial system can support a large number of these assets. "I'll say I'm a personal, big advocate of stablecoins," Waller said at a New York Fed event.

"Do I think there's going to be 100 stablecoins circulating after legislation happens?

"It's not my job as an unelected bureaucrat to tell everybody how they should do things," he said, adding that the Fed's role is to "convene the industry together to think about what the problems are" and how they can be solved.


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Article Details

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-05 @ 01:28:07 (7 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 356 words

Reading Time: 2 minutes read

Sentences: 15 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 27589543

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About Channel News Asia

Channel News Asia Logo

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 53 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 46 minutes ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #27

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The story "Fed's Waller says stablecoins bring benefits to US payments system" was covered 7 hours ago by Channel News Asia, a news publisher based in Singapore.

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  • URL: https://beamstart.com/news/feds-waller-says-stablecoins-bring-17437917312813

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