The U.S. Federal Reserve is hiring a manager to oversee its traditional payments section, while adding new responsibilities to the role, including researching how to integrate digital currencies, stablecoins and distributed ledger technologies.
For months, the central bank’s governors have been hinting at its broader interest in understanding and even issuing a digital currency in the face of corporate stablecoin proposals and national coins abroad, but this hire appears to be the first human resources investment made by the Fed towards integrating the technology into its existing systems.