Federal Reserve Governor Waller supports tokenization and stablecoins

ChainCatcher message, Federal Reserve Governor Christopher J. Waller delivered a speech discussing whether DeFi (Decentralized Finance) is an alternative or a complement to traditional finance. He concluded that the two are complementary and made positive remarks about tokenization and stablecoins.

Waller mentioned the benefits of stablecoins, believing that they can reduce the need for intermediaries and lower payment costs. Although stablecoins carry the risk of runs, this can be addressed through regulatory measures, making them "safe assets" on various new trading platforms.

However, he also pointed out that centralized finance is still needed, as most cryptocurrency customers still keep their assets in cryptocurrency exchanges.