At the Dubrovnik Economics Conference, a stark contrast emerged between the U.S. Federal Reserve and the Bank of England regarding stablecoins. Federal Reserve Governor Christopher Waller advocated for stablecoins as a legitimate payment tool, emphasizing their potential to enhance competition and reduce costs. In contrast, Bank of England's Megan Greene suggested that tokenized deposits might surpass stablecoins in utility, citing regulatory and stability concerns. This debate coincides with the advancement of the CLARITY Act in the U.S. Senate, a bill aimed at structuring the digital asset market. A key issue is whether regulated stablecoins should offer yield-like rewards, a point of contention between banking groups and crypto firms. Senator Cynthia Lummis has highlighted the urgency of passing the Act to maintain U.S. leadership in digital asset regulation.