Big news from @federalreserve governor Chris Waller announcing a potential skinny master account to facilitate payments. By giving non-banks direct Fedwire/ACH access, Waller's proposal enables stablecoin issuers & tokenized asset platforms to settle on-chain transactions without needing a bank intermediary. This promotes innovation, widens the ecosystem of payment innovators and reduces debanking risks. Lots of details to work out, but a huge step by the Fed.