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U.S. Federal Reserve Gov. Waller Says DeFi Could Boost Dollar's Global Strength

Despite some fears in government circles that crypto could undermine the dollar, the Fed governor said that the use of dollar-dependent stablecoins can boost the dollar's reach.

U.S. Federal Reserve Gov. Christopher Waller says stablecoins may be doing the dollar a favor.  (Horacio Villalobos/Corbis via Getty Images)
U.S. Federal Reserve Gov. Christopher Waller says stablecoins may be doing the dollar a favor. (Horacio Villalobos/Corbis via Getty Images)