Federal Reserve Governor Christopher Waller used a keynote address at a payments conference in Wyoming on Wednesday to urge the public and private sectors to “embrace the technology-driven revolution” reshaping the U.S. payments system. He highlighted artificial intelligence, tokenization and, in particular, stablecoins and other cryptocurrencies as innovations that can speed transactions, broaden access to dollars and potentially reinforce the dollar’s international role. Waller said the central bank is conducting technical research on these technologies and would benefit from closer engagement with industry developers. Waller avoided any discussion of interest-rate policy or the economic outlook, focusing instead on how private-sector experimentation and public-sector infrastructure can coexist. His remarks came ahead of the publication of minutes from the Federal Open Market Committee’s late-July meeting. Those minutes, released later in the day, referenced payment stablecoins eight times. Participants said stablecoins could enhance payment efficiency and increase demand for the Treasuries that back them. Staff projections for real GDP growth through 2027 remained unchanged from June, while unemployment is expected to edge above the natural rate by the end of 2025.