PANews July 11 news, according to Jinshi reports, Federal Reserve Governor Waller said on Thursday that stablecoins will enhance competition in the payment system, which is a good thing. Waller stated at an event at the Dallas Federal Reserve Bank that the rise of stablecoins will make many types of payments cheaper and faster. 'As a free market capitalist economist, my goal is to lower costs for households, consumers, and businesses through competition in the payment sector,' Waller said. He also noted that stablecoins might suppress demand for U.S. paper currency, but would enhance the overall demand for the dollar.
