Get all your news in one place.
100's of premium titles.
One app.
Start reading
International Business Times
International Business Times
Business
Marvie Basilan

Fed Governor Says DeFi Trading Will Strengthen US Dollar's Global Dominance

Christopher Waller DeFi US Federal Reserve United States Crypto
There have been fears about the potential of DeFi to erode the U.S. dollar's dominance, but the Fed's governor has a different viewpoint. (Credit: ByBit/flickr.com)

KEY POINTS

  • Waller noted during a Bahamas conference that the world's payments landscape is shifting
  • He said "any expansion" of DeFi trading will "simply strengthen" the dollar's dominant role
  • He previously acknowledged that DeFi arrangements provide people with an "alternative" to financial products

Some crypto observers and critics have warned that digital currencies could destabilize the U.S. dollar, but U.S. Federal Reserve Gov. Christopher Waller predicted that trading in decentralized finance (DeFi) may have a positive effect on the dollar's global strength.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Heidi Klum Teases 'Very, Very Bloody' Halloween Costume as Fans Spot Grotesque Body Parts
Heidi Klum has teased her 2026 Halloween costume with an image of brain- and intestine-like prosthetics, prompting fan theories before her annual New York party.
International Business Times UK
International Business Times UK
The hill I will die on: The email sign-off is archaic – it needs to go. No regards, Tom
The torture of the inbox is made insufferably worse by the dated cliches at the beginning and end, says journalist Tom Gill
The Guardian - UK
The Guardian - UK
New Trump rule allows hunters to bait bears in Alaska with doughnuts, bacon and more
Critics decry Trump administration rule that lets hunters lure bears with human foods on federal lands in Alaska
The Guardian - US
The Guardian - US
Sylvester Stallone defends casting daughter in Tulsa King: ‘Of course it’s nepotism, you idiot’
Scarlet Rose Stallone appears in the hit series ‘Tulsa King’ in a recurring role
The Independent UK
The Independent UK
Ground Beef and Strawberries Cost More as New Federal Diet Advice Puts Protein at Every Meal
Ground beef rose 7.4% and strawberries 10.4% in a year, as federal dietary advice stresses protein. Beans, eggs, and frozen produce can ease the cost.
Medical Daily
Medical Daily
Dog gives you the guilty look? Here's what research says it actually means
Walk into a room where something has gone wrong and your dog is already doing it: head low, ears back, eyes wide and soft, maybe a slow tail wag aimed at the floor. Every owner reads this the same way. The dog knows. Except the research says that is probably…
Times Pets
Times Pets
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play