Fed Governor "Stablecoins are an innovation... Both banks and non-banks should be able to issue them"

Christopher Waller, a governor of the Federal Reserve (Fed), has expressed his stance on the issuance of stablecoins.

According to Cointelegraph on the 13th (local time), Waller stated at a San Francisco conference that "stablecoins are an important innovation with the potential to improve retail and cross-border payments, and the stablecoin market will be influenced by the U.S. regulatory framework."

Above all, he emphasized that "the regulatory framework should allow both banks and non-banks to issue compliant stablecoins and consider the impact of regulation on the payment environment, including competitive payment methods."