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Fed Proposes Letting Stablecoin Issuers Access Banking System Directly Without Banks

Fed has proposed a framework in which payment accounts would link Stablecoin firms and other Issuers directly to Fed rails without bank intermediaries, with balance caps, no interest, no daylight overdrafts, and no discount window access, while staff has begun seeking stakeholder feedback.The post Fed Proposes Letting Stablecoin Issuers Access Banking System Directly Without Banks appeared first on Cryptonews.

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