“The US central bank has been mulling the idea of a “skinny” version of master accounts for firms that want access to payments without the deeper Fed demands.”, — write: www.coindesk.com
The Fed said in a Friday statement that it was requesting information on how to satisfy the incoming requests from firms that rely on new technology to more easily tap into services “for the express purpose of clearing and settling the institution’s payment activity,” according to a board memo on the concept. The public comment window will be open for 45 days.
Fed master accounts are direct conduits for financial firms into the central bank’s payment rails. They can be difficult to obtain, and that’s been a struggle for some crypto firms.
“These new payment accounts would support innovation while keeping the payments system safe,” said Governor Christopher Waller, in a statement. “This request for information is a key first step to ensuring that the Fed is responsive to evolutions in how payments are made.”
Waller had spoken in favor of the idea before, having pitched it as a “skinny” master account in October. In Friday’s descriptions, the accounts would not pay interest, give access to credit from the Fed and would have balance caps.
Governor Michael Barr, the Democratic appointee who was the Fed’s regulatory chief until the arrival of the administration of President Donald Trump, said he was opposing the request on grounds that it’s “not sufficiently specific about safeguards to protect against the accounts being used for money laundering and terrorist financing by institutions we do not supervise.”
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence’s Token Security API averaged 717 million monthly calls year-to-date in 2025, with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch, the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B, while derivatives volume peaked the same month at over $4B.
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The most tireless advocate of digital asset issues in the US Senate said she’s grown too tired to keep at it, leaving her Republican seat in play next year.
- US Senator Cynthia Lummis, a dedicated friend to crypto causes, has decided to exit the Senate after her first term.
- Lummis said in a statement that she doesn’t have another six years in the tank, but she intends to deliver major legislation to President Donald Trump’s desk next year.
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