New York Fed’s Revised Guidelines for Reverse Repurchase Agreements Raise Concerns About Circle’s Participation
On April 25, 2023, the New York Federal Reserve published a revised edition of the guidelines for its reverse repurchase agreements (RRP) program that could potentially limit stablecoin issuer Circle's ability to participate in the program. The changes could impact counterparties looking to use the Fed's money market balancer, and ...
