Fed Waller Dey Push Make Dem Get Regulatory Guardrails for Stablecoins

Federal Reserve Governor Christopher Waller don tok say dem need clear regulatory guardrails for stablecoins, say di tins get potential to make payments modern and make di US dollar reach far far. For recent conferences, Waller talk say DeFi payments dey like traditional systems and stablecoins wey smart contracts, tokenization, and distributed ledgers dey support no get new risks. E highlight benefits like faster, lower-cost cross-border transfers and better retail payments for areas wey get high inflation. Waller urge Congress to adopt federal framework like GENIUS Act and praise international coordination through bodies like Bank for International Settlements. E stress say make dem get strong reserves, transparency, protect consumers, and better anti-money laundering to keep market integrity. Without proper regulation, Waller warn say stablecoins fit bring systemic risks and make financial stability weak. E talk say balanced approach go help innovation and also protect consumers and markets. This supportive Fed stance fit reduce policy wahala and boost stablecoins adoption, shape di future for digital finance.