Fed to Integrate Cryptocurrency into Payments System, Accessing Fintech Companies via ‘Skinny’ Master Accounts

The US Federal Reserve is poised to join the wave of digital payments innovation by integrating cryptocurrencies and decentralized finance (DeFi) into its system. This move aims to bring stablecoins, tokenized assets, and AI technologies out of the fringes of finance and into mainstream use. Governor Christopher Waller outlined this shift at the Fed’s Payments Innovation Conference in Washington on October 21st.