In a speech delivered at the Wyoming Blockchain Symposium 2025, Christopher Waller, governor of the Federal Reserve, presented an optimistic and strategic vision for the future of stablecoins, highlighting their potential to consolidate and expand the role of the US dollar on the international stage.
From Teton Village, Waller described the current transformation of the payments sector as a true "technology-driven revolution." He emphasized that stablecoins, initially created to facilitate the trading of crypto assets, have developed very attractive features: they operate 24/7, allow for fast transfers, and circulate freely. These qualities make them a vital tool for accessing dollars in countries suffering from high inflation or having limited banking systems.
"I believe that stablecoins have the potential to maintain and expand the international role of the dollar," Waller stated emphatically, adding that they can also "improve retail and cross-border payments."
A fundamental pillar for this growth is the regulatory framework. Waller referred to the GENIUS Act, passed last month, as the first major legislation on crypto assets in the United States and "an important step for the stablecoin payment market," which will lay the groundwork for them to reach their full potential.
Beyond cryptocurrencies, the governor also addressed the impact of Artificial Intelligence (AI) on finance, recalling that the sector has been using it since the 90s to combat fraud. The recent advances in generative AI, he noted, are exponentially enhancing these capabilities.
Waller advocated for a balanced approach: innovation should be led by the private sector, while the Fed ensures the maintenance of a safe and efficient payment infrastructure. "There is nothing to fear in thinking about using smart contracts, tokenization, or distributed ledgers in everyday transactions," he assured.
Revealing the central bank's roadmap, Waller concluded that the Fed is already actively researching tokenization, smart contracts, and AI in payments, with plans to increase collaboration with the industry amid the growing convergence between traditional finance and digital assets.#ETHInstitutionalFlows #AltcoinSeasonLoading #Write2Earrn