TLDR
- The governor of the federal reserve, Christopher Waller, said that there was nothing to fear from payments to be operating outside traditional banks.
- Waller explained that DEFI transactions follow the same process as debit card payments using stablescoins and intelligent contracts.
- He encouraged banks and decision -makers to adopt DEFI technologies as an extension of current financial systems.
- Waller praised the recent legislation supporting the innovation of stablescoin as a major step towards a broader adoption of cryptography.
- He said Stablecoins could improve the global role of the US dollar and improve cross -border and commercial payments.
The governor of the federal reserve, Christopher Waller, told bankers and decision -makers that there was no threat to adopting DEFI for payment systems. Speaking at the Wyoming Blockchain Symposium 2025, he stressed that cryptographic payments are not intrinsically dangerous. His remarks have reported an increasing institutional acceptance of decentralized finances in the American monetary system.
Waller says that Defi reflects traditional transactions
Waller compared the payments to buy common debit card purchases, rejecting fears concerning cryptographic technology. He said, “There is nothing scary on this subject simply because he performs in the world of Defi – it’s just a new technology.” He urged the banking sector to consider DEFI tools such as intelligent contracts, stabbed and books distributed as extensions of existing systems.
He explained that a purchase of stablecoin stablecoin is as routine as to pay the grocery store using a debit card. In both cases, the transaction finished and saved in complete safety, simply using different technology. Waller said that intelligent contracts and registers distributed automatize what banks are already doing.
His support arises while the federal reserve moves away from the restrictive supervision of cryptography. In April, he withdrew the advice discouraging banks from processing digital assets. Last week, the FED ended its “Romance activities supervision program”, more softening the regulatory path for the adoption of Défi.
Stablecoins could stimulate the world dollar role
Waller noted that stablecoins can support the domination of the US dollar, especially in countries with inflation or access to a dollar. He said they offered better options for cross -border transactions and retail payments in the world.
“Stablecoins could help the dollar extend its scope,” he said.
Christopher Waller Waller of the Federal Reserve Board of Governors of the United States said that the big book distributed is a technology. According to him, the Fed is looking for how they can use smart contracts in the Payment System in the United States. The signal is super strong that … pic.twitter.com/jm9xkhe0jc
– Sergii gesymovych (@sergigera) August 20, 2025
He described the recent guide and established national innovation for American stables a key step. The law establishes a regulatory framework which, according to Waller, will strengthen trust and adoption. He said this legislation could help stablecoins “reach their full potential” worldwide.
According to the US Treasury, the Stablescoin market could reach 2 dollars by 2028. Treasury officials said this growth could increase the demand for invoices from the American Treasury. Waller considered this to be a victory for American financial leadership in the world space.
USDT and USDC Lead Expanding Stablecoin Market
The USDT of Tether and the Circle USDC dominate today’s Stablecoin ecosystem with $ 167 billion and $ 67.5 billion in market capitalization, respectively. Their growth reflects the increase in confidence in DEFI systems to manage stable payments. Waller said their use will probably continue to increase with clearer regulations.
He reiterated that DEFI payments, including those using stablecoins, follow a logic similar to existing financial processes. “The same process applies to the world of cryptography,” he said, describing how stablecoins governs and record transactions. Consequently, financial institutions should consider DEFI as evolutionary and non -revolutionary.
With the increased platforms increasing and the softening of surveillance, Waller’s remarks align with the gradual change of the Fed towards the adoption of the finance of the blockchain. If he replaces Jerome Powell as president of the Fed in 2026, his opinions could shape more directly.
