Crypto: “There’s nothing frightening,” Fed Governor said
“There is nothing scary”. PUSH United States Federal Reserve (Fed) It is one of the most powerful financial institutions in the world. And its monetary policy directly affects the planet’s economic health. That is why his positions are carefully explored by investors. And in the area of cryptocurrencies, it should be acknowledged that the situation is still very vague. Fed Governor Christopher Waller, however, said that this economy is nothing scary. Explanation.
- The Federal Reserve System of the United States has come closer to the cryptocurrency sector by launching a pilot program for testing stablecoins in banking transfers.
- Fed Governor, Christopher Waller, said there was nothing frightening about cryptocurrencies, a position that could affect investors’ eyes.
Fed is closer to cryptocurrencies
Sector cryptocurrencies It is in the process of the digital economy itself. And even the most conservative financial bodies must recognize their interest.
Dynamics carried by stablecoins such as USDC Circle or Tether (USDT), whose adoption is still intensified. The moment it happens basic tools As part of digital payments.
At the same time, the federal reserve system of the United States (Fed) seems Don’t stay on the side of the road. Really just started and Pilot program The purpose to test the use of these stablecoins in the context of banking transfers.
The experience that concerns 9 banks and 3 stablecoins, including USDC Circle and Tether (USDT). And that might allow Reduce deadlines for settlement from a few days to a few minutes. Good news?
“There’s nothing scary on the crypt”
The question of cryptocurrencies was also on the program Symposium Wyoming Blockchain that took place in Wyoming. Opportunity for Governor Fed, Christopher Waller, z Return to the subject. And try to reassure the most demanding mind.
“There’s nothing scary about cryptocurrencies”. And he’s a Fed Governor who says it! A statement that can participate well Change the look Some investors in this sector. All the more with stablecoins for standardization as recent Wyoming stable token (Wst) Made in USA.
Defi: Technology like any other by Fed
Christopher Waller also insisted that Call It is only a new technology for transfer of objects and record transactions.
According to him, when using intelligent contracts, tokenization or registers distributed for everyday transactions there is nothing to worry about.
He leveled the purchase of malecoin with stablecoin using a debit card to buy an apple in a supermarket and stressed that this process is basically the same.
The growing role of stablecoins
Waller also appreciated the recent signature Leading and introducing national innovations for the law on American stablecoins As an important step towards taking stablecoins. Said they could help maintain and expand The international role of the dollarEspecially in countries with high inflation or those that have limited access to physical dollars.
According to Waller, Stablecoins could improve retail and cross payments. The Stablecoins market is currently estimated to be $ 280 billion and the US Ministry estimates that it could reach $ 2,000 billion by 2028.
Waller’s words reflect the change in tone in the Fed, which seems to be increasingly open to the idea of cryptocurrency integration into the traditional financial system. Although the Fed remains cautious, it now acknowledges that Deffi and Stablecoins could play a key role in the future of payments in the United States. Turning that takes place in the context of political tension where calls from Trump’s administration to a more flexible policy Jerome Powell under constant pressure. The case to follow.