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Happy First Birthday FedNow: But is This a Cause For Celebration?

The Fintech Times

Both offer similar services, but FedNow participants can transfer funds from their Federal Reserve master account, which means they have an extra pool of resources for liquidity management. “Banks have a difficult choice between TCH’s RTP network and the new kid on the block, FedNow.

FedNow 59
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Stablecoin Outlook Anything But Stable As Regulation, Legislation Loom

PYMNTS

Companies that seek to issue stablecoins will have to get approval from the Fed, the FDIC and other regulators at least six months prior to launch. The bill, then, would create regulation well before the “ embedded regulation ” under consideration by the Bank of International Settlements takes root.