Fed backs stablecoins as BoE says tokenized deposits may win in 5 years
The post Fed backs stablecoins as BoE says tokenized deposits may win in 5 years appeared on BitcoinEthereumNews.com. Federal Reserve Governor Christopher Waller defended stablecoins during a panel at the 32nd Dubrovnik Economics Conference, placing the tokens in the payments debate rather than the wider crypto risk debate. Summary Waller said stablecoins add payment competition and may extend monetary reach across dollar-linked global markets. Greene said tokenized deposits could overtake stablecoins within five years as banks defend deposit bases. Lummis warned CLARITY Act delays could push U.S. digital asset rules into a 2030 window. Waller said, “I’ve always just looked at stablecoins as a payment instrument; there’s nothing evil about it, nothing dangerous about it.” He added that stablecoins bring more competition into payments and can lower costs, as reported by Reuters. Greene says tokenized deposits may overtake stablecoins Bank of England policymaker Megan Greene gave a diffe