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Crypto Reporter: Federal Reserve Proposes Launching "Lite Master Account" to Provide Direct Payment Channels for Fintech Companies and Stablecoin Issuers
According to crypto journalist Eleanor Terrett, Federal Reserve Governor Chris Waller announced at the Federal Reserve Bank Payments Innovation Conference that the central bank is proposing to introduce a new type of restricted master account (called a "lite master account") that would allow all legal compliance institutions to directly access the Fed payment system without relying on partner banks. The lite master account does not offer all the services of a full master account, such as borrowi...
2025-10-21 14:48:07
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