The post Fed includes stablecoins and DeFi in October conference on payments innovation appeared on BitcoinEthereumNews.com. The Federal Reserve Board announced on Sept. 3 that it will host a payments innovation conference on Oct. 21, where it will discuss stablecoins, DeFi, and tokenization. The conference will feature panel discussions on the convergence of traditional and decentralized finance, emerging stablecoin use cases and business models, artificial intelligence applications in payments, and tokenization of financial products and services. Federal Reserve Governor Christopher Waller emphasized the conference’s focus on technological advancement, stating that innovation has been a constant in payments to meet the changing needs of consumers and businesses. Waller noted his anticipation for examining opportunities and challenges presented by new technologies while gathering ideas to improve payment system safety and efficiency. Building on recent stablecoin focus The conference follows extensive Federal Open Market Committee discussions on stablecoins during the July 29-30 meeting, where officials analyzed potential financial system impacts following passage of the GENIUS Act. The comprehensive federal stablecoin framework, signed into law on July 18, established regulatory clarity that FOMC members cited as a driver for projected growth in stablecoin usage. Fed minutes revealed officials’ recognition of stablecoins’ potential benefits, particularly for payment system efficiency and increased demand for Treasury securities used as collateral. However, participants expressed concerns about broader banking system implications and emphasized the need for close monitoring of stablecoin backing assets. The Crypto Investor Blueprint: A 5-Day Course On Bagholding, Insider Front-Runs, and Missing Alpha Nice 😎 Your first lesson is on the way. Please add [email protected] to your email whitelist. The central bank’s proactive approach reflects a growing acknowledgment of the relevance of digital payment systems to its monetary policy and financial stability responsibilities. Supportive stance Governor Waller has consistently supported blockchain-based payment innovation, recently declaring “there is nothing scary” about DeFi operations at the Wyoming Blockchain Symposium. He compared DeFi transactions to… The post Fed includes stablecoins and DeFi in October conference on payments innovation appeared on BitcoinEthereumNews.com. The Federal Reserve Board announced on Sept. 3 that it will host a payments innovation conference on Oct. 21, where it will discuss stablecoins, DeFi, and tokenization. The conference will feature panel discussions on the convergence of traditional and decentralized finance, emerging stablecoin use cases and business models, artificial intelligence applications in payments, and tokenization of financial products and services. Federal Reserve Governor Christopher Waller emphasized the conference’s focus on technological advancement, stating that innovation has been a constant in payments to meet the changing needs of consumers and businesses. Waller noted his anticipation for examining opportunities and challenges presented by new technologies while gathering ideas to improve payment system safety and efficiency. Building on recent stablecoin focus The conference follows extensive Federal Open Market Committee discussions on stablecoins during the July 29-30 meeting, where officials analyzed potential financial system impacts following passage of the GENIUS Act. The comprehensive federal stablecoin framework, signed into law on July 18, established regulatory clarity that FOMC members cited as a driver for projected growth in stablecoin usage. Fed minutes revealed officials’ recognition of stablecoins’ potential benefits, particularly for payment system efficiency and increased demand for Treasury securities used as collateral. However, participants expressed concerns about broader banking system implications and emphasized the need for close monitoring of stablecoin backing assets. The Crypto Investor Blueprint: A 5-Day Course On Bagholding, Insider Front-Runs, and Missing Alpha Nice 😎 Your first lesson is on the way. Please add [email protected] to your email whitelist. The central bank’s proactive approach reflects a growing acknowledgment of the relevance of digital payment systems to its monetary policy and financial stability responsibilities. Supportive stance Governor Waller has consistently supported blockchain-based payment innovation, recently declaring “there is nothing scary” about DeFi operations at the Wyoming Blockchain Symposium. He compared DeFi transactions to…