Fed Governor Waller: Stablecoins will expand the reach of US monetary policy

"For countries that adopt stablecoins, it's like having a fixed exchange rate regime," Waller said at an event held Sunday in Dubrovnik, Croatia. "You will import the cost of money from the United States, so in countries where stablecoins are used more widely, it actually expands the reach of U.S. monetary policy." Read more