Coinbase pushing Fed to open payment accounts to more players + let them earn interest 👀

Their pitch: expand access, tailor oversight to actual risk instead of blanket regulations

Basically asking for banking rails without the legacy banking BS. Makes sense when stablecoins are doing $2T+ in settlement volume but still locked out of Fed infrastructure

If this goes through, could be massive for $USDC integration and institutional on/off ramps. Fed probably won't move fast but the ask is strategic