Federal Reserve to Discuss Stablecoins and Tokenization in Upcoming Meeting

According to BlockBeats, the U.S. Federal Reserve has scheduled a meeting to discuss payment-related topics, including stablecoins and tokenization. The meeting, set for October 21, will focus on emerging use cases and business models for stablecoins, as well as the tokenization of financial products and services, as part of efforts to innovate the American payment system. Federal Reserve Board member Christopher Waller, rather than Chairman Jerome Powell, commented on the matter. Waller emphasized the continuous innovation in the payment sector to meet the evolving needs of consumers and businesses. He expressed anticipation for exploring the opportunities and challenges presented by new technologies, gathering ideas on enhancing payment security and efficiency, and listening to those dedicated to shaping the future of payments.