Speaking at the Wyoming Blockchain Symposium 2025 event, Waller noted that the financial regulator is ready to cooperate with the leaders of these industries in order to evaluate how the latest technologies can improve payments and improve the work of existing payment platforms and services. This is especially important in conditions when the traditional financial sector is increasingly intertwining with cryptocurrencies, Waller emphasized.
“It is important for us to understand trends in the field of payment technologies so that we can support companies from the private sector using our infrastructure,” Waller said.
A member of the Federal Reserve Council admitted that stablecoins can help the US dollar maintain a leading position in the commission of retail and international transactions. According to Waller, the adoption of the Genius law, which establishes the rules for the release and appeal of stablecoins in the United States, has become an important event for a crypto market. This law should help stablecoin reveal their payment potential, the official is sure.
As for artificial intelligence, Waller noted that it is used in the field of payments to detect fraud, combat money laundering and forecasting payment trends since 1990. However, the latest achievements in the field of computing power, language models, data processing and distributed networks contribute to the emergence of innovative payment services, Waller concluded.
Earlier, Waller suggested allowing banks to release their own stablecoins tied to the US dollar. The official is sure that this could accelerate international calculations and reduce transaction costs.
Source: Bits
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