Federal Reserve Governor Christopher Waller signaled that the rising use of dollar-backed stablecoins could extend the United States’ monetary influence, potentially importing US monetary conditions into other economies as these tokens gain traction globally. Speaking at the 32nd Dubrovnik Economics Conference, Waller framed stablecoins as a payment instrument rather than a threat, suggesting they intensify competition in the payments space rather than undermine it. In the same Dubrovnik event, Megan Greene, a Bank of England policymaker and fellow panelist on “Stablecoins and monetary policy,” offered a more apprehensive take. Greene argued that stablecoins could fade from view within a few years, while she predicted tokenized deposits might become the dominant pillar of the digital monetary landscape. Their exchange highlighted a broader debate about how different digital money formats could coexist or supplant one another in the coming years. Key takeaways Dollar-backed stablecoin...

Strategy’s leadership, led by Strategy chairman Michael Saylor, signaled on Sunday that the bitcoin treasury company plans to announce fresh BTC purchases in the coming days as it presses toward a pivotal proxy vote tied to its STRC perpetual preferred stock. The vote centers on a proposed dividend schedule change and could shape Strategy’s ongoing BTC accumulation narrative amid a volatile macro backdrop. Bitcoin traded around the mid-70s in May, with a 3.65% decline for the month, anchoring the context for Strategy’s ongoing buy program. In parallel, Saylor posted a bubble-chart update showing Strategy’s bitcoin purchases over nearly six years, a visual that has become a familiar prelude to news of new acquisitions. The chart is drawn from StrategyTracker.com, a data tracker based in Iceland, and accompanied Saylor’s message “Working Better.” Key takeaways Michael Saylor signaled imminent Bitcoin purchases by Strategy in the days ahead of the June 7 proxy vote on STRC dividends. STRC...