Stablecoin Issuer Circle at Risk Following NY Fed Policy Change, Seeks Fed Access
altcoins.substack.com
The New York Federal Reserve has proposed a change to its policy that could have significant implications for stablecoin issuers like Circle, the issuer of the USDC stablecoin. The proposed change would require any financial institution providing services to a stablecoin issuer to have direct access to the Federal Reserve's payment system.
Stablecoin Issuer Circle at Risk Following NY Fed Policy Change, Seeks Fed Access
Stablecoin Issuer Circle at Risk Following NY…
Stablecoin Issuer Circle at Risk Following NY Fed Policy Change, Seeks Fed Access
The New York Federal Reserve has proposed a change to its policy that could have significant implications for stablecoin issuers like Circle, the issuer of the USDC stablecoin. The proposed change would require any financial institution providing services to a stablecoin issuer to have direct access to the Federal Reserve's payment system.