In a plot twist worthy of any crypto soap opera, the Ripple camp just got some hopeful fireworks from a Federal Reserve bigwig.
Stu Alderoty, Ripple’s chief legal eagle, is buzzing over a proposal by Fed Governor Christopher Waller that could toss traditional banks out of the equation for stablecoin issuers like Ripple’s RLUSD.
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The pitch? Let crypto firms directly access the Fed’s payment system via “skinny” accounts, basically a VIP pass to central bank rails without the middlemen.
Let stablecoin creators skip the usual bank drama
Stu Alderoty was reacting to a speech given by Governor Christopher Waller, who has suggested that crypto firms should be given access to Fed “skinny” accounts.
This would let stablecoin creators skip the usual bank drama and speed up payments, while possibly slashing costs. Waller didn’t mince words.
“I wanted to send a message that this is a new era for the Federal Reserve in payments, the DeFi industry is not viewed with suspicion or scorn. My view for the Fed from now on is embrace the disruption — don’t avoid it.”
The plan is still theoretical
Ripple’s RLUSD stablecoin might just be the center of this fresh spotlight.
The company had once aimed for a Fed master account to hold reserves directly on the central bank’s books, talk about cutting through red tape.
Alderoty called Waller’s idea “an attractive idea” that should calm jittery traditional banks.
The point is that this could make RLUSD a mainstream contender by eliminating middlemen, speeding up transactions, and cutting fees. All this while competing against big ballers like Tether and Circle.
Alderoty explained that easy redemption and quick moves between Treasury or U.S. dollar assets make master account access a “most efficient and transparent and quickest way” to operate.
But don’t forget, Waller’s plan is still theoretical until he potentially steps into Jerome Powell’s shoes as Fed chair next year.
Fortunately, all five finalists for the Fed chair nod lean pro-crypto, hinting at a potential shift toward innovation at the Fed table.
Institutional money
Ripple’s pushing back on crypto’s “crime tool” stereotype with facts and a $50 million grant to the National Crypto Association.
Over 55 million Americans use crypto, with 39% actively buying goods and services, according to a recent deep-dive report. That’s where RLUSD’s U.S. dollar peg could shine.
Will these Fed “skinny accounts” turn RLUSD into a major stablecoin player or pump XRP’s price? RLUSD currently ranks 70th in the crypto big leagues with $1 billion market cap.
XRP itself hit a juicy $3.65 this summer but still hasn’t matched its $3.84 peak from 2018, and it’s currently down 35% from that high.
Either way, all eyes stay glued to the SEC for green lights on XRP ETFs, which could usher in institutional money and turn the tide.
Several asset managers are supposedly ready in the wings. The drama continues.
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Cryptocurrency and Web3 expert, founder of Kriptoworld
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With years of experience covering the blockchain space, András delivers insightful reporting on DeFi, tokenization, altcoins, and crypto regulations shaping the digital economy.
📅 Published: November 11, 2025 • 🕓 Last updated: November 11, 2025
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