Federal Reserve Drafts Payment Stablecoin Framework: The U.S. Federal Reserve unveiled a proposed regulatory framework requiring bank-issued payment stablecoins to be backed 1:1 with approved reserve assets, with redemptions generally processed within two business days#CircleMints500MUSDCOnSolana #BlackRockBuildsTokenizedPortfoliosForOndo #SECSaysBuybacksUpgradesDontMakeTokenSecurity