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FedNow Service has no relation with CBDCs, Federal Reserve clarifies

The Federal Reserve certified the FedNow Service as “ready” after it onboarded 41 financial institutions, 15 service providers and the U.S. Department of the Treasury to test the system before its launch by the end of Ju...

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

FedNow Service has no relation with CBDCs, Federal Reserve clarifies

The Federal Reserve certified the FedNow Service as “ready” after it onboarded 41 financial institutions, 15 service providers and the U.S. Department of the Treasury to test the system before its launch by the end of July 2023.

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This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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