USD-Pegged Stablecoins Could Boost Dollar Dominance: Fed Governor

The US Fed Governor Christopher Waller, who previously voiced cryptos are “risky,” now throws a positive stance on dollar-pegged stablecoins. Speaking at a conference in Nassau, Bahamas on Thursday, Waller said that decentralized finance (DeFi) could actually boost dollar dominance. He stressed that dollar-pegged stablecoins, such as Tether (USDT) and USD Coin (USDC), would strengthen […] source: https://cryptonews.com/news/usd-pegged-stablecoins-could-boost-dollar-dominance-fed-governor.htm