Waller: Stablecoins Create Dollar Intermediation Channels
Christopher Waller, a member of the U.S. Federal Reserve, stated that stablecoins and tokenized assets are changing the way the dollar is circulated internationally. At the "International Role of the Dollar" conference held in Washington D.C. on June 22, he discussed the impact of digital assets on the international role of the dollar. Waller explained that the scale and trust of the U.S. economy and financial markets are the traditional foundations of the dollar, while emphasizing that technological innovations are transforming the ways in which dollars are held and transferred. He mentioned that distributed ledger technology and stablecoins are creating new intermediation channels for the dollar in conjunction with the existing banking system. The meeting schedule of the Federal Reserve and the New York Fed included discussions on stablecoin transactions and blockchain-based financial infrastructure. Waller added that it is necessary to study whether stablecoins will enhance the international role of the dollar or create new tensions. The Bank for International Settlements analyzed that stablecoins are likely to reinforce the existing currency hierarchy initially, but pointed out that stablecoins in their current form do not sufficiently meet the core properties of money.
-- Price
This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.
You may also like

London Stock Exchange Partners with Payward to Tokenize 100 UK Stocks

Norway Plans Regulation for Smart Glasses, Considers Facial Recognition Ban

Verkhovna Rada Approves Bill to Improve Industrial Parks

Base Launches Creator Grant Program with Funding Up to $4,000

Vote on Clarity Act Scheduled for September 15 Amid Growing Uncertainty in Crypto Regulation

FUNVERSE's Chain Game FUN LONGINUS to Launch on Anubis Chain Mainnet on September 1

Dragoneer Plans to Establish a $2 Billion Continuation Fund with Assets like OpenAI, Ultimately Raising $1 Billion

Coinbase CEO: On-chain Reputation Will Replace FICO Credit Scores

Ukraine to Develop Countermeasures Against 'Shahed' Drones Within Weeks

Honda and Nissan Collaborate on Next-Generation Automotive Software

Bitcoin Drops Below $77,000 as U.S. Economic Data Set to be Released This Week

Kalshi ruling puts CFTC prediction rules at risk

2026's Most Wild DeFi Yield Strategies: No Betting on Explosive Growth, Just Harvesting On-Chain Speculation Fees

Bessent names digital assets among possible targets in Iran sanctions push
AI Wars II Is Here: WEEX Labs Launches Its Biggest Human vs. AI Trading Showdown Yet, Early Bird Round Opens Sept 3
WEEX Labs officially launches AI Wars II, the second season of its Human vs. AI trading championship. Early bird registration opens Sept 3-6, with the first 20,000 users sharing a 100,000 USDT prize pool. Register now.

Ethereum versus Solana: Which L1 captures more value?

Fables Points Program Ends in October: Is the 'Quick and Easy' US Stock Market Making Agreement Worth Participating?

Robinhood Chain Activity Surges as Microsoft Separately Discloses Azure Revenue and Broadcom Slips After Hours | WEEX TradFi Daily Brief (Sep. 3, 2026)
This brief focuses on Robinhood Chain’s sustained on-chain trading momentum and its direct revenue contribution to the Arbitrum ecosystem, Microsoft’s move to improve transparency around Azure and AI infrastructure revenue, and Broadcom’s growing tension between strong AI semiconductor growth and rising market expectations. Investors are also turning their attention to the U.S. August nonfarm payrolls report and Ciena’s earnings as the next tests for the macro rate path and AI networking demand.

What Challenges Does Stock Tokenization Face?

x402 Since Launch: 150 Million Transactions, Settlement Amounts, and a Review of Real-World Use Cases

Nonfarm Payrolls Preview Before Friday: How Will the Fed Choose Between Cooling Employment and Rising Inflation?

Countdown to Arc Mainnet: Where Will the First Batch of Traffic Flow?

No Matter Whether Warsh Raises Rates or Not, He is Definitely One of Us

Despite Cryptocurrency Gains, Shareholders Remain Unsmiling: Kaiko Research Diagnoses Structural Limitations of DAT

Cornell University Survey: 90% Awareness of Bitcoin but Only 13% Understanding; Japan Reports Highest 'Difficult to Understand' Responses Among 25 Countries

What is short selling? The trading minute

Wall Street Morning Brief: U.S. Treasury Sell-off Pauses, U.S. Stocks Rise, Software Stocks and Japanese Bond Auction Hide Concerns

Rain contract exploit drains $1.1M from card users

Bitcoin Could Reach $250,000 to $840,000 Within Five Years, River's Fund Flow Model Estimates



