Last night, the Fed pulled a big move - the council directly stated that crypto assets are no longer a fringe issue. More explosively, they are preparing to open an exclusive fast track for the entire crypto world, with a pretty academic name: "Streamlined Master Account."

Don’t underestimate this seemingly ordinary name. This thing is essentially a key that directly connects to the core payment system of the Fed. In the past, stablecoin issuers had to settle by obediently queuing through the commercial bank process, but now? They connect directly with the central bank. Speed has increased, and the spread of intermediaries has also been saved.

In simple terms, it means official certification with a stamp, bringing the "wild child" of stablecoins into the national financial backbone. The symbolic significance is even more explosive than its actual function.

So the question arises - who will be the first to benefit from this wave of dividends?

The most direct beneficiaries are definitely the stablecoin giants with regulatory endorsements, such as USDC and USDP, the "regular army." With direct support from the central bank, both credibility and operational efficiency can double.

Then there are those infrastructure players who have always wanted to obtain the main account qualification. Custodia Bank has been waiting for this day for several years, and after connecting with platforms like Kraken and Ripple that bridge fiat and Crypto Assets channels, the deposit and withdrawal experience for regular users may skyrocket. Slow recharge and withdrawal? That's a thing of the past.

Further down the line, the DeFi ecosystem will also benefit. Protocols that deeply integrate compliant stablecoins—such as Aave and Compound in the money market, as well as projects that focus on RWA and cross-chain settlements—will see liquidity costs decrease, transaction friction reduce, and naturally, yields will rise. The same goes for decentralized exchanges on the chain; smoother capital flow translates to a better user experience.

Of course, this account feature does have limitations; it doesn’t pay interest and cannot be overdrawn. But it is hard to ignore its significant symbolic meaning — the high walls of traditional finance have been breached by the authorities.

The faucet is being turned on (the expectation of interest rate cuts is there), the gate is widening (the payment channels are opened), where do you think the next wave of funds will rush to first? Share your thoughts in the comments.