Online reported that Federal Reserve Governor Waller said on Thursday that stablecoins will enhance competition in the payment system, which is a good thing. Waller told an event at the Federal Reserve Bank of Dallas that the rise of stablecoins will make many types of payments cheaper and faster. "As a free-market capitalist economist, my goal is to reduce costs for households, consumers and businesses through competition in the payments space," Waller said. He also said stablecoins could curb demand for U.S. banknotes, but boost overall demand for the U.S. dollar.