Federal Reserve Board Member: Cryptocurrency assets are essentially traded in dollars

ChainCatcher news, Federal Reserve (Fed) Governor Christopher Waller recently stated that despite the rise of China and the growth of cryptocurrencies posing a threat to the dollar's status as the world's reserve currency, this status may still persist. Waller pointed out that the widespread use of stablecoins pegged to the dollar in digital currency transactions indicates that cryptocurrency assets are, in fact, traded in dollars. He noted that so far, the impact of the cryptocurrency industry on the dollar seems to be actually beneficial.