Fed Governor Endorses DeFi, Stablecoins, and RWA Tokenization for Modern Payment Systems

Federal Reserve Governor Christopher Waller highlighted the transformative potential of blockchain technology during a speech at the Wyoming Blockchain Symposium. He emphasized that the payment system is undergoing a ‘technology-driven revolution’, encompassing instant payments, digital wallets, mobile apps, stablecoins, and AI. Waller specifically attributed the rapid growth of the fintech sector to stablecoins, citing their potential to maintain and expand the dollar’s global influence while improving domestic and cross-border transactions.