[The Federal Reserve considers opening payment systems to non-bank institutions, sparking industry debate] BlockBeats News, February 10, according to Decrypt, the U.S. Federal Reserve System is evaluating whether to provide limited payment account access to non-bank financial institutions, a move that has triggered intense debate between fintech companies and the traditional banking industry. Organizations such as the U.S. Financial Technology Association support the proposal, arguing that it will promote competition and innovation in the payments sector. However, institutions like the Bank Policy Institute warn that this move could increase financial instability, particularly in cryptocurrency-related businesses such as stablecoin issuance, which resemble deposits but lack deposit insurance. This decision will have a significant impact on the boundaries between banks, fintech companies, and cryptocurrency enterprises within the U.S. payment ecosystem.