Circle supports Federal Reserve Payment Account. This would give stablecoin issuers direct access to Fed payment rails without becoming full banks.

Circle has officially backed the Federal Reserve’s proposal for a “skinny payment account” — a limited Fed account that would give stablecoin issuers direct access to Fed payment rails without becoming full banks. This framework doesn’t just help $USDC. It sets the regulatory pathway for companies like Ripple (which got conditional approval to become National […]