Federal Reserve Governor Christopher Waller discussed DeFi's potential benefits and risks at the Vienna Macroeconomics Workshop.

During the Vienna Macroeconomics Workshop, Federal Reserve Governor Christopher Waller discussed the interplay between decentralized finance (DeFi) and traditional centralized finance. He suggested that DeFi could enhance financial efficiency without replacing the valuable role of intermediaries. While acknowledging DeFi's potential benefits, such as lower transaction costs and the use of stablecoins, Waller warned of systemic risks and emphasized the need for regulatory measures to mitigate these challenges.

October 18, 2024
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