🇫🇷 LATEST: Bank of France deputy governor warns of “stablecoinisation” and dollarisation risks in Europe’s payment system. https://t.co/4kQnLXclg0 ...

RT Justin Kim (@justinkim415)Institutions are choosing @avaxBREAKING : KB Kookmin Card, the credit card arm of the largest bank in Korea, KB Kookmin Bank, just announced they are building a stablecoin payment system and a dedicated L1 on @avax. https://t.co/gcfRgl6HcF ...

Cryptocurrency Integration - Federal Reserve Governor Christopher Waller 表示加密货币已“融入支付和金融体系”[1]

Regulatory Landscape - Federal Reserve Governor Christopher Waller 声称加密资产正日益融入支付和金融体系 [1]

Crypto Regulation & Market Impact - The Genius Act, regulating stablecoins, is expected to be signed, adding legitimacy and safety to the crypto space [1] - Legislative clarity for stablecoins aims to modernize the payment system, potentially cementing the dollar as the world's reserve currency [2] - The regulation seeks to prevent innovation from moving abroad and to counter potential dominance by other countries like China in international standard setting [3][4] - Crypto companies like Coinbase, Robinhood, and Circle are seen as potential winners from the new regulations [5] Financial & Economic Implications - Stablecoins could introduce new competition in the foreign remittance space, offering faster and cheaper international money transfers compared to traditional methods [6] - Increased dollar-based trade facilitated by stablecoins could further solidify the dollar's position as the world's reserve currency [8] - The administration believes the economy is growing stronger than pessimists suggest, citing retail sales exceeding expectations [13] - The administration's economic plan aims to bring back affordable growth without inflation by increasing domestic production [14] Monetary Policy & Future Outlook - The administration is focused on selecting a Fed chair who will facilitate growth and ensure the right interest rate environment [17] - The administration suggests that if supply is unleashed, there is no reason to anticipate inflation, questioning the need for high interest rates [18]