FILE PHOTO: Federal Reserve Governor Christopher Waller speaks during The Clearing House Annual Conference in New York City, U.S. November 12, 2024. REUTERS/Brendan McDermid/File Photo
(Reuters) - Federal Reserve Governor Christopher Waller said on Friday that stablecoins are a good thing for the U.S. payments system, but he doubts the financial system can support a large number of these assets.
"I'll say I'm a personal, big advocate of stablecoins," Waller said at a New York Fed event. "I have been saying this for over three-plus years now, about how this could bring competition, efficiency and speed into the payments system."
