Traditional risk-weightings and models cannot account for crypto's high volatility or market behavior, according to a Federal Reserve paper.

The platform hopes to capture a fraction of the more than $9.6 trillion in daily trading volume in the foreign currency exchange market.

A House Committee on Financial Services hearing on Wednesday dredged up concerns about the pro-crypto regulatory shift under the Trump administration.

The pilot programs explore wholesale settlement between institutions and real-world use cases, along with stablecoin development and tokenized bank deposits.