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Federal Reserve Governor Christopher Waller has endorsed stablecoins as a legitimate evolution in payment technology, comparing them to earlier advancements like debit cards. He emphasized that innovations like tokenization and smart contracts should not be feared in everyday transactions. Waller’s remarks signal a growing openness at the Fed toward private-sector payment innovations.
- Fed Governor compares stablecoin adoption to early debit card evolution, calling it 'simply new technology'
- Reveals Federal Reserve is conducting research on tokenization, smart contracts and AI in payments systems
- Notes GENIUS Act provides federal framework that could help dollar-pegged tokens reach full potential in US
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