Fed Proposes Letting Stablecoin Issuers Access Banking System Directly Without Banks
[...]Fed Governor Christopher Waller proposes "payment accounts" or "skinny master accounts" granting stablecoin issuers and fintech direct access to Fed payment rails without banks as Ripple and Anchorage Digital master account applications could see accelerated decisions.
The move represents a major policy reversal from the Fed’s historically cautious stance toward crypto companies, several of which have spent years fighting for banking access.[...]
https://cryptonews.com/news/fe....d-proposes-letting-s