FRB Governor Waller States Stablecoins Expand the Reach of U.S. Monetary Policy Globally

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Governor Waller explained that stablecoins could propagate U.S. monetary policy similar to a fixed exchange rate system.

Mr. Green of the Bank of England countered that tokenized deposits could replace stablecoins within five years.

According to Bloomberg on May 31, Christopher Waller, a member of the Federal Reserve Board, spoke at the 32nd Dubrovnik Economic Conference in Croatia, stating that the global proliferation of dollar-linked stablecoins could enhance the influence of the FRB's monetary policy abroad.

Vice President Boris Vujčić of the ECB was among the speakers...