According to BlockBeats, on August 9, the Federal Reserve has developed a plan to strengthen supervision of the activities of banks under its supervision involving digital assets and blockchain technology. The plan will focus on partnerships between banks and fintech companies, in which U.S. state-owned banks must obtain approval from the Federal Reserve before issuing, holding or trading stablecoins, and state-owned banks supervised by the Federal Reserve must prove that they have appropriate safeguards to mitigate risks, including liquidity, cybersecurity and illegal financial risks, and they also need to prove that they can continuously monitor these issues. At the same time, banks should notify the Federal Reserve before engaging in certain stablecoin activities and wait until they receive a "written notice of regulatory non-objection" before proceeding.