Christopher J Waller: Reflections on a maturing stablecoin market

Speech by Mr Christopher J Waller, Member of the Board of Governors of the Federal Reserve System, at A Very Stable Conference, San Francisco, California, 12 February 2025. The views expressed in this speech are those of the speaker and not the view of the BIS. Thank you for inviting me to speak today about stablecoins, an important innovation for the crypto ecosystem with the potential to improve retail and cross-border payments.