Today news
About the same in other media
Fed Governor Waller praises stablecoins as a genuine innovation that makes the development of CBDCs redundant
Reading now: 468
In a speech published Wednesday noon, Federal Reserve Governor Christopher J. Waller reiterated his skepticism for implementing a central bank digital currency, or CBDC, in the United States. However, Waller is not an ordinary cryptocurrency skeptic, as he cites the development of genuine private-sector payment innovations, specifically stablecoins, as the reason why CBDCs are not needed.
Top Stablecoins by Market Capitalization | Source: Treasury Report on Stablecoins (Nov. 2021)
Despite the positive outlook, Waller highlighted three risks surrounding stablecoins. The first of which he noted as a potential destabilizing run, where unregulated or unscrupulous issuers provide financial instruments that go bad, creating a panicked flight to
Read more on cointelegraph.comAbout this in other media
White House Considering Richard Cordray as Top Fed Banking Regulator wsj.com /2 years ago
Fed Chair on Higher & Not Transitory Inflation, Yellen On Stablecoins + More News cryptonews.com /2 years ago
SBI Boss Says that China Is Leading the CBDC Race – Ahead of the USA and Europe cryptonews.com /2 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
