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Federal Reserve Board Member Waller: The widespread adoption of stablecoins will amplify the Federal Reserve's policy influence

MarsBitNews
Mars Finance News, on May 31, Federal Reserve Board Member Waller stated during a special discussion at the 32nd Dubrovnik Economic Conference that the widespread adoption of stablecoins worldwide could amplify the impact of Federal Reserve policies. "For countries that adopt stablecoins, it's like a fixed exchange rate system. You input the cost of U.S. currency, so in countries that use stablecoins more, it effectively expands the reach of U.S. monetary policy." (Jin10)
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GateUser-a65ee044
· 5h ago
So are USDT and USDC essentially the Federal Reserve's overseas branches?
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CyberBridgeDeepPerspective
· 6h ago
Is this considered Dollar Hegemony 2.0?
View OriginalReply0
GateUser-0f33f9ef
· 6h ago
Waller's words are quite straightforward: stablecoins are amplifiers of the US dollar's influence, and developing countries using them extensively are essentially handing over their interest rate decision-making power.
View OriginalReply0
BoringButBullish
· 6h ago
Stablecoins have become the Federal Reserve's Trojan Horse
View OriginalReply0
BlackVelvetBluePeony
· 6h ago
Small country central banks are about to cry, their monetary policies directly overridden
View OriginalReply0

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