Waller: The popularization of stablecoins or the expansion of the Federal Reserve's policy influence

Federal Reserve Governor Waller stated at the 32nd Dubrovnik Economic Conference that the global adoption of stablecoins may amplify the influence of Federal Reserve policies. He pointed out that countries adopting stablecoins are similar to implementing a fixed exchange rate system, which will introduce currency costs for the United States and thus expand the scope of influence of US monetary policy.