Ripple Treasury Evernorth CEO Explains How RLUSD Could Enter Fed Rails
Tech Ripple Treasury Evernorth CEO Explains How RLUSD Could Enter Fed Rails Ripple Treasury Evernorth CEO Asheesh Birla has said a policy shift in Washington around stablecoins and “skinny master accounts” could change how digital dollars move through the U.S. payment system, with Ripples RLUSD potentially positioned as a settlement asset if the proposal advances. According to the X post, Birla said a Federal Reserve master account sits at the top of the U.S. payment infrastructure because it allows direct dollar settlement at the central bank. Today, access is generally limited to banks, which means payment apps and fintech firms must route transactions through banking partners. The proposed “skinny” master account model would give certain federally chartered stablecoin issuers a limited form of direct access to Fed payment rails. These accounts would be narrower than traditional master accounts and would not include full banking privileges. Skinny Master Accounts Could Shift Stablecoin Settlement The proposal would allow eligible payment stablecoin issuers to settle dollars more directly through systems such as FedNow and Fedwire. Supporters say this could reduce reliance on sponsor banks and shorten settlement chains between stablecoin networks and bank accounts. The accounts are expected to carry restrictions. They would not earn interest, allow overdrafts, or provide