On September 4, the Federal Reserve Board of Governors has scheduled a meeting to discuss payment-related topics, including stablecoins and tokenization. The Fed stated in a notice on Wednesday that the meeting on October 21 will discuss "emerging stablecoin use cases and business models" as well as "the tokenization of financial products and services" as part of efforts to innovate the U.S. payment system. Although this statement comes from the entire Federal Reserve Board, it was Federal Reserve Governor Christopher Waller, rather than Fed Chair Jerome Powell, who commented on the matter. Waller stated, "To meet the evolving needs of consumers and businesses, the payments space is always innovating. I look forward to exploring the opportunities and challenges that new technologies bring, gathering ideas on how to enhance payment security and efficiency, and hearing from those who are dedicated to shaping the future of payments."
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The Fed will hold a meeting on October 21 to discuss stablecoins and tokenization financial products.
On September 4, the Federal Reserve Board of Governors has scheduled a meeting to discuss payment-related topics, including stablecoins and tokenization. The Fed stated in a notice on Wednesday that the meeting on October 21 will discuss "emerging stablecoin use cases and business models" as well as "the tokenization of financial products and services" as part of efforts to innovate the U.S. payment system. Although this statement comes from the entire Federal Reserve Board, it was Federal Reserve Governor Christopher Waller, rather than Fed Chair Jerome Powell, who commented on the matter. Waller stated, "To meet the evolving needs of consumers and businesses, the payments space is always innovating. I look forward to exploring the opportunities and challenges that new technologies bring, gathering ideas on how to enhance payment security and efficiency, and hearing from those who are dedicated to shaping the future of payments."