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Federal Reserve (Fed) Governor Christopher Waller recently said that although the rise of China and the growth of cryptocurrencies pose a threat to the U.S. dollar’s status as the world’s reserve currency, this status of the U.S. dollar is likely to continue. Waller noted that the widespread use of U.S. dollar-pegged stablecoins in digital currency trading suggests that crypto assets are actually traded in U.S. dollars. He said that so far, the cryptocurrency industry’s impact on the U.S. dol...