Fed's Waller says stablecoin regulation needed soon as possible

Feb 6 (Reuters) - Federal Reserve Governor Christopher Waller said on Thursday that global adoption of U.S.-dollar-based stablecoins will make the dollar even more of a reserve currency than it is now, but he said there's a need for good regulation of the digital assets, the sooner the better.

Waller did not touch on monetary policy or the economic outlook in a discussion on payments at the Atlantic Council. He said he views a stablecoin as a synthetic dollar, and if it makes payments faster and cheaper "I'm all for it."

Waller also repeated his view that there's no need for a U.S. central bank digital currency that could be used by households.