Fed's Waller: Stablecoins May Benefit Payment Systems, DeFi Could Complement Centralized Finance, Bullish Outlook

Federal Reserve Governor Chris Waller has made significant statements regarding the role of stablecoins and decentralized finance (DeFi) in the financial system.

In his speech, Waller highlighted that stablecoins may offer benefits for payment systems and suggested that DeFi technology could complement centralized finance.

He elaborated that while DeFi can be seen as a substitute for traditional finance, emerging uses indicate it could also enhance centralized financial systems, potentially increasing the dominance of the US dollar. Waller's remarks have been received as bullish by some observers.

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