Federal Reserve Governor Waller calls for embracing AI and stablecoins to drive payment innovation

According to ChainCatcher news, as reported by Jin10, Federal Reserve Governor Waller calls for embracing the "technology-driven revolution" propelled by artificial intelligence and stablecoins as a way to boost the U.S. economy.

He stated that creating new payment services using innovative technology is not a new story and emphasized that distributed ledger technology can provide a more efficient way to track asset transfers. Waller also pointed out the impact of decentralized finance in the payment sector, suggesting that a collaboration between the private sector and the Federal Reserve could create a win-win situation.