Fed's Waller: Stablecoins bring benefits to the payment system
1. Fed's Waller supports stablecoins for payments but warns on excessive supply.
FAQ
Why Neutral?
Waller's comments indicate regulatory caution, echoing past reactions to crypto volatility.
How important is it?
While stablecoin regulation concerns impact sentiment, they don't directly influence S&P 500 pricing.
Why Short Term?
Immediate sentiment may shift, but market stability typically reasserts in time.