Overview
- The Federal Reserve Board announced a one-day conference for Oct. 21 to examine emerging technologies in payments, including stablecoins, decentralized finance, artificial intelligence, and tokenization.
- Panels will cover the convergence of traditional and decentralized finance, stablecoin use cases and business models, AI applications in payments, and tokenized financial products and services.
- Governor Christopher J. Waller said innovation is a constant in payments and emphasized examining both opportunities and challenges with input from regulators, industry, and academia.
- The Fed said the event will be livestreamed on its website, with further details on participants and panels to be released in the coming weeks.
- The conference follows July’s GENIUS Act and FOMC discussions of stablecoins’ potential benefits, risks, and system effects, and it lands alongside ongoing initiatives from the CFTC, BIS, and MAS.