Anchorage Digital Slams Fed's 'Skinny' Payment Account Plan
If federal oversight is the price of admission, federally chartered banks should get federal infrastructure too, or stablecoin innovation will move offshore beyond US regulatory reach.
Every Zipp story tagged #PaymentRails, newest first.
If federal oversight is the price of admission, federally chartered banks should get federal infrastructure too, or stablecoin innovation will move offshore beyond US regulatory reach.
Two of Korea's biggest consumer-finance names signing on for stablecoin rails is a legitimacy beat for $USDC in Asia's most-watched retail payments market.
The chain's mid-year update keeps a 2025 claim on the table: Bitcoin rails still cheaper than card processing, with the company flagging the Lightning Network as the cost driver.
Stablecoin rails are doing the quiet work: card-payment growth running at triple-digit year-over-year pace even as spot BTC ETFs bleed, framing 2026 as an adoption year, not a flow year.
Tether is reportedly working with a Georgian state official to launch a USDT-style rail — a parallel track to the U.S.
Kraken's master account is the first live test of a path that lets crypto firms bypass correspondent banks — a structural shift the industry has chased for a decade.
The framework would give eligible crypto and fintech firms direct Fed-level clearing and settlement, while a parallel pause on new Tier 3 decisions through Dec 2026 freezes the runway until rules…
The proposal is not a master account — no discount window, no interest, no intraday credit — but it is the first federal rule with the same shape, and it pulls regional Fed banks' solo approvals back…
The executive order does not unlock Fed master accounts overnight, but it converts the debate from legal gray zone into an active Fed review — with Kraken's March approval as the working template.
The order puts the Fed and banking agencies on a clock to examine debanking of crypto firms — a structural risk for any venue that settles through the US banking system.