Is the stablecoin "big era" coming for bank issuance? Federal Reserve Director: Institutions should be allowed to issuance, which helps consolidate the global status of the US dollar.

According to Bloomberg yesterday (13), Federal Reserve Governor Christopher Waller recently said that Stable Coin will benefit from a regulatory framework in the United States, in which banks and non-banks should be allowed to isosuance regulated Stable Coin. At the same time, he also stressed that Stable Coin has the potential to maintain and expand the international influence of the US dollar. What is the impact of the new IRS rules: Cryptocurrency and Stable Coin transactions are subject to tax returns? (Wall Street Journal: Stable Coin rescues U.S. debt crisis, Tether:USDT is the top three buyers of short-term U.S. bonds) U.S. Federal Reserve (Fed) Chairman Jerome Powell, in a hearing before the Senate Finance Committee earlier this week, said he himself supports a U.S. regulatory framework around Stable Coin. According to Bloomberg yesterday (13), Federal Reserve Governor Christopher Waller also released a similar view: Waller believes that Stable Coin will benefit from a regulatory framework in the United States, and he also stressed that Stable Coin has the potential to maintain and expand the international influence of the US dollar. Both banks and non-banks should be allowed to isosuanceStable Coin Waller noted that Stable Coin actually has a bank run risk, and the U.S. regulatory framework is able to deal with this risk directly, comprehensively, and specifically. Waller suggested that in this regulatory framework, banks and non-banks should be allowed to be able to isosuance regulated Stable Coins: This framework should allow banks and non-banks to be able to isosuance regulated Stable Coins, and the impact of regulation on the payments sector should be considered. At the same time, Waller added that the lack of a uniform regulatory framework may also hinder the development of Stable Coin: the emergence of different Stable Coin regulatory systems around the world may lead to domestic and international regulatory conflicts. This regulatory fragmentation could make it difficult for U.S. dollar Stable Coinissuance players to operate globally. Former Speaker of the U.S. House of Representatives: Stable Coin Can Help the United States Alleviate the Debt Crisis In fact, in June last year, Paul Ryan, former Speaker of the U.S. House of Representatives and member of the Paradigm Policy Committee, also wrote that Stable Coin, which is pegged to the US dollar, can alleviate the debt crisis of the US government, because the US dollar Stable Coin can provide huge demand for US debt. Paul Ryan stressed that the $162 billion Stable Coin market has provided a huge source of demand for U.S. Treasuries, that Stable Coin's role in maintaining U.S. dollar dominance could not have been more timely, and that Stable Coin's "cheap, reliable financing" for U.S. fiscal spending could help the U.S. dollar maintain its enormous influence over the global financial system. Related reports CFTC Chairman: There will be a new round of cryptocurrency regulatory actions in the next 2 years, not optimistic about the Stable Coin law Why do you have to follow the US "Stable Coin Act"? What harm may be brought to the encryption industry USDT may be blocked! S&P Global: The latest Stable Coin law in the United States is a unique bank, Tether will be kicked out of the "big era" of banks issuing Stable Coin is coming? Fed Governor: Institutions Should Be Allowed to Help the U.S. Dollar Consolidate Its Global Position" This article was first published in BlockTempo's "Dynamic Trends - The Most Influential Block Chain News Media".