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Federal Reserve Governor Waller stated that since stablecoins are actually digital currencies, they can reduce the demand for payment intermediaries and thus lower global payment costs. But their safety is not guaranteed. If appropriate barriers can be established to minimize operational risks and mitigate other risks of stablecoins, such as their potential use in illegal finance, stablecoins may bring benefits in payments and serve as safe assets on various new trading platforms. @seizersalad
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