Fed Governor Warns Against Fear, Calls for Embracing DeFi and Stablecoins

Federal Reserve Governor Christopher Waller has dismissed concerns about decentralized finance (DeFi) and stablecoins, urging policymakers to embrace their potential to revolutionize U.S. payments. He believes these blockchain-based technologies could unlock new efficiencies in transactions, particularly cross-border payments and instant settlements. His call for innovation comes as the current payment system stagnates, with Waller arguing that DeFi and stablecoins offer a more efficient alternative.