On Wednesday, the Federal Reserve Bank of New York (NY Fed) changed its counterparty criteria for its reverse-repurchase program (RRP), potentially blocking stablecoin issuer Circle from accessing the program. The NY Fed announced that under the new rules, funds registered as “2a-7 funds” with the SEC and “organized for a single beneficial owner” will be The post NY Fed Adds New Policy Blocking Stablecoin Issuer Circle To Fed Program appeared first on Coin Edition .
