Fed Chairman Waller Waller: It is not clear whether the stable currency is supported by bullish actions.

[Fed Waller advice: It is uncertain whether the stable coin has been fully supported by safe liquid devices.] Fed Waller adviser: It is not yet certain whether the stable coin has been fully supported. supported by valuable resources. Stablecoins does not have insurance coverage for banks. Stablecoin has yet to prove that it can solve the problem. Congress must decide whether the Fed will recoup the cost of creating digital currencies from banks in the medium term.