Why Stablecoins are needed

According to Waller, the popularisation of regulated stablecoins will support the reputation of the US dollar as the world’s reserve currency. With this in mind, he favours the development of appropriate legislation that would make working with cryptocurrencies and other digital assets understandable for everyone.

Bitcoin’s struggle with the dollar

Christopher told about this during today’s interview with representatives of the Atlantic Council think tank. The expert noted that steibles will “expand the dollar’s reach around the world and make it even more of a reserve currency than it is now.” In addition, the popularity of such tokens is able to change the general principle of people’s interaction with money.

In my opinion, stablecoins will open up new opportunities and alternative ways of making payments in the existing infrastructure.

Accordingly, the correct regulation of stables will only benefit the dollar, says the representative of the US Federal Reserve System. And the currency itself will be increasingly used in international trade, finance and investment.

Here is Waller’s comment, which is quoted by Cointelegraph.

I see stablecoins as a pure addition to our payment system. There may need to be a regulatory framework to make sure the funds are available and who issues them and who verifies them. In this way it is necessary to make sure they are fully secured.

Such comments about the importance of maintaining the role of the dollar come from Fed officials for a reason. Recently, there has been growing concern that the US currency will lose its leadership as the world’s reserve currency and will be used only for international transactions and commodity trading.

US President Donald Trump

For example, representatives of the BRICS member countries have previously insisted on abandoning the use of the dollar in international trade. In addition, they may tentatively work on creating their own currency, to which US President Donald Trump has already reacted. He has said he will impose additional 100 per cent import duties on goods from such countries if they refuse to use the dollar as usual.

According to Waller, the hype around stablecoins will greatly complicate other countries’ efforts to contain the dollar. Which means it is profitable for the US. The expert continues.

The dollarisation process in many countries is now accompanied by a number of regulations aimed at limiting or preventing it. Stopping stablecoins is much more difficult than removing cash that people can keep in their homes. It’s much harder to remove them from blockchain.

In October, analysts at prominent platform Chainalysis noted that the U.S. is lagging far behind other countries in the market in the adoption of stablecoins. To make such a conclusion allowed the share of transactions in such tokens on centralised American exchanges: it fell by 40 percent, while the indicator of platforms outside America increased by 60 percent.

However, this could change dramatically in 2025. Still, top U.S. financial regulators are already working on creating a framework for coin regulation and changing their approach to the digital asset industry. Which means Americans will also have an additional reason to get in touch with BTC, SOL, stablecoins and other coins.

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Which US states accept cryptocurrencies

The popularisation of crypto is also taking place in individual US states. For example, this is relevant for Utah, where the bill for the purchase of large cryptocurrencies with public funds has already gone to the Senate. Thus, the state became one step closer to creating its own Bitcoin reserve after the passage of the relevant document through the House of Representatives.

Buying cryptocurrency by investors

Here is a comment on the matter from Satoshi Action Fund employee Dennis Porter.

The “Strategic Bitcoin Reserve” bill has officially passed the Utah House of Representatives. It now heads to the Senate. We truly believe that Utah will be the first state to introduce this legislation.

As a reminder, the bill would allow the state treasurer to allocate up to 5 per cent of the money in certain funds for the purchase of cryptocurrencies.

We are talking about coins whose market capitalisation exceeds the level of $ 500 billion, that is, at the moment it is exclusively Bitcoin. In addition, the state will be able to purchase US dollar-based stablecoins, which makes sense given the comments of the Fed spokesperson.


The change of power in the US has gone in favour of the cryptocurrency industry. In the two working weeks since Trump's inauguration, members of the government have managed to speak out in favour of coins, and major regulators like the Securities Commission have started to develop rules for the sphere. Things are sure to get better in the future.


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