The Federal Reserve takes bold action! 30 institutions jointly support, and cryptocurrency companies are about to directly access the central bank's payment system?!
Breaking news! The Federal Reserve has recently received over 30 significant opinion letters, centered around one key issue: should cryptocurrency and fintech companies be allowed to directly access the core payment system of the United States? In simple terms, stablecoins like USDC and USDT may soon bypass traditional banks and settle directly on the Federal Reserve's ledger! The Blockchain Payment Alliance is cheering, calling this a 'necessary and overdue step'.
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Why is this so explosive? This means:
1. Payments are entering the 'light-speed era': transfers may really achieve instant delivery, as fast as our native blockchain experience.
2. Stablecoins are about to 'normalize': this is directly paving the way for the 'GENIUS Act', with the U.S. version of stablecoin regulatory framework on the horizon, and the compliance doors wide open!
3. Banks should be nervous: the intermediary position of traditional banks may be shaken, with money flowing directly between tech companies and the Federal Reserve.
Of course, there are risks: in case of significant fluctuations in the crypto market, could this pipeline impact the entire financial system? The Federal Reserve will definitely have to set up multiple layers of checks.
This move can be seen as a key play for the U.S. in the digital currency race. On one hand, they want to suppress speculation, while on the other hand, they fear falling behind in blockchain financial infrastructure. Now, the field is marked, and it’s just a matter of who gets the ticket first.
Do you think this is super fuel for a bull market or a hidden systemic risk? Let’s chat in the comments! 👇
