PANews reported on May 31 that, according to Jinshi, Federal Reserve Governor Waller stated during a panel discussion at the 32nd Dubrovnik Economic Conference that the global adoption of stablecoins could amplify the influence of Federal Reserve policy. "For countries that adopt stablecoins, it's like a fixed exchange rate system," he said. "You're inputting US currency costs, so in more countries that use stablecoins, it actually expands the reach of US monetary policy."