Kraken Becomes First Crypto Firm To Secure Fed Master Account as Ripple Awaits Approval

Crypto exchange Kraken has become the first crypto firm to secure approval for the Federal Reserve’s master account, a move that would further crypto into the mainstream financial system. The Kraken Fed master account approval reportedly serves as a pilot to test the Fed’s proposed skinny master accounts, which could benefit stablecoin issuers such as

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