In a statement on Sunday, US Fed Governor Christopher Waller emphasized that the increased use of USD-backed stablecoins could strengthen the global impact of American monetary policy. Speaking at the 32nd Economic Conference in Dubrovnik, Waller noted that countries relying on dollar-pegged digital assets effectively adopt US economic conditions. This is reported by Cointelegraph.com .
Waller stated that he views stablecoins merely as a payment instrument and sees nothing dangerous or negative about them. In his opinion, these assets bring healthy competition to the world of payment systems. At the same time, he also noted that interest in Central Bank Digital Currencies (CBDCs) is declining in many countries.
However, Bank of England representative Megan Greene has a different perspective on this issue. She predicted that stablecoins might lose their significance within a few years. Greene compared this process to a race between a tortoise (CBDC), a hare (stablecoins), and a rhinoceros (tokenized deposits). She believes that, in the end, tokenized deposits will become the most successful tool.
Currently, the CLARITY Act on digital assets is being discussed in the US Senate. This document aims to create a federal regulatory framework for the crypto market. However, due to bank lobbying and political processes, the final adoption of the law and its signing by the president remain uncertain.
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