Circle’s Fed payment rail goal could be crushed by NY Fed’s policy change
Updated rules by the New York Fed could deem stablecoin issuer Circle “ineligible” for access to the Fed’s money market. The New York Federal Reserve published new rules for counterparties looking to use its money market balancer, casting uncertainty over intentions by stablecoin issuer Circle to use the Fed’s systems. In an April 25 statement,…
Read more
