Fed Governor Waller: Stablecoins are like synthetic dollars and will consolidate the dollar's position as a reserve currency

Odaily News Fed Governor Waller said in a speech that stablecoins are like a synthetic dollar. If it can make payments faster and cheaper, I agree with it. There is an urgent need to regulate stablecoins, the sooner the better. Stablecoins will further consolidate the dollar's position as a reserve currency.