[Fed's Hammack: Smart Contracts and AI Agents May Drive Stablecoin Demand, Regulatory Unclears May Slow Adoption] According to Foresight News, Cleveland Federal Reserve President Beth M. Hammack stated in a speech titled "Reserve Currencies and Stablecoins" delivered in Zurich, Switzerland on November 5, 2026, that stablecoins may have technological advantages over traditional payment methods, such as the ability to execute smart contracts or implement intelligent agent workflows. These characteristics could increase demand for stablecoins, thereby driving up demand for dollar assets. However, current US regulations do not directly address the application of smart contracts or intelligent agent AI in the payment field. The lack of a clear regulatory framework may slow down the adoption of these technologies by US financial institutions.