Stablecoins popularity bolsters U.S. dollar’s dominance in DeFi -Fed governor
In decentralized finance (DeFi), the prominence of United States dollar-denominated stablecoins is increasingly recognized as a factor fortifying the dollar’s status as a global reserve currency, according to Federal Reserve governor Christopher Waller. Waller’s remarks were made during a central banking-focused conference on February 15th, where he highlighted the overwhelming linkage of stablecoin market capitalization…