USDC issuers have started investing in CRF. Its increasing use might provide indirect access to Fed’s Reverse Repo Program (RRP). This will make USDC a non-bank hybrid between CBDC and insured deposit...
Tag: RRP
USDC could get access to Fed’s RRP via BlackRock partnership
USDC stablecoin could get indirect access to the Federal Reserve’s risk-free liability, as its partner BlackRock is set to apply for the Fed’s reserve repo (RRP) program. Circle CFO Jeremy Fox-Geen re...