TechFlow news, on February 13, according to Bloomberg, Federal Reserve Governor Christopher Waller said at a conference in San Francisco that stablecoins have the potential to maintain and expand the international role of the U.S. dollar, but their development hinges on establishing robust commercial use cases and unified regulatory frameworks.
Waller emphasized that the United States needs to establish a direct, comprehensive, and stringent regulatory framework for stablecoins, allowing both banks and non-bank institutions to issue regulated stablecoins. He specifically noted that the current differences in regulatory rules across states could hinder the nationwide adoption of stablecoins, while divergent global regulatory regimes might also affect the international expansion of U.S. dollar stablecoin issuers.
