The U.S. Federal Reserve held its first-ever Payment Innovation Conference, emphasizing the role of AI computing and decentralized finance (DeFi) in shaping the future of global finance. Governor Christopher Waller introduced the concept of a “streamlined master account,” allowing stablecoin issuers and digital payment firms to directly access the Fed’s payment system. This move signals a shift toward digitally integrated finance, acknowledging regulated digital finance as a core part of the U.S. monetary system. Key Highlights of the Conference The Federal Reserve highlighted the...