Federal Reserve Governor Waller: Stablecoins that rely on the U.S. dollar can increase the global influence of the U.S. dollar
Christopher Waller, a member of the Federal Reserve Board of Governors, stated that the cryptocurrency industry's impact on the US dollar seems to be actually helpful so far. As long as stablecoins are pegged to the US dollar (currently 99% of tokens are), they will enhance the global strength of the US dollar.
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