Ripple CEO Explains How RLUSD Could Access Fed Payment Rails via $1.6B Stablecoin

According to Ripple Treasury Evernorth CEO Asheesh Birla's recent X post, a proposed "skinny master account" policy shift could allow RLUSD to gain direct access to Federal Reserve payment systems. Birla explained that the limited master account model would give eligible stablecoin issuers direct settlement access through Fed infrastructure such as FedNow and Fedwire, without full banking privileges. RLUSD, issued through Ripple's New York-regulated trust structure, is positioned to fit this framework. Since launching in December 2024, RLUSD's market capitalization has expanded toward $1.6 billion and is now integrated across trading, settlement, and tokenization use cases, including BlackRock's BUIDL tokenized fund via Securitize.
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