Federal Reserve Board Governor Warrell stated that stablecoins, as a form of digital currency, can reduce the need for payment intermediaries and thus lower global payment costs. However, their security is not guaranteed, and if appropriate safeguards can be established to minimize operational risks and mitigate other risks associated with stablecoins, such as their potential use in illegal finance, stablecoins could bring benefits in terms of payments and serve as secure assets on various new trading platforms.