âđš HUGE NEWS FOR #CRYPTO! Is Ripple about to rewire the U.S. financial system? Ripple just made a MAJOR move, officially pushing the Federal Reserve to modernize its payment rules! đŠđ„
âThey submitted a letter urging the Fed to give #stablecoin issuers direct access to U.S. payment infrastructure.
âWhy is this a massive deal?
âUnmatched #Security: It creates a pathway for stablecoin issuers to hold 1:1 reserves directly at a Federal Reserve Bankâthe ultimate "gold standard" for safety. đ„đĄïž
âZero Counterparty Risk: This would eliminate the risk of relying on commercial banks to hold reserves.
âThe Big Picture: Ripple's Chief Legal Officer, Stuart Alderoty, highlighted that integrating their new stablecoin, RLUSD, and the XRP infrastructure directly into these solutions allows them to fundamentally shape the modern financial system. đđž
âIf the Fed agrees to these modifications, it could permanently accelerate how digital assets integrate into our everyday financial infrastructure while strengthening the dollar globally! đ”đ
âđŁïž What do you guys think? Will the Federal Reserve actually open its doors to this, or will traditional banks fight back? Drop your thoughts below! đ
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