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Kraken just became the first crypto exchange to get direct access to the Federal Reserve’s core payment system—Fedwire and FedNow—through its own bank, Kraken Financial. This means real‑time U.S. dollar settlements, no sponsor‑bank middlemen, and a major step toward treating crypto‑native banks like traditional banks. A game‑changer for institutions, stablecoins, and the future of on‑ramp‑off‑ramp flows.
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