According to an announcement issued by Metal Blockchain, Fedow, the Federal Reserve’s digital payment system, will be integrated with Metal Blockchain, which will allow Metal users to use FedNow’s “send/receive” function to instantly convert funds into stablecoins and back again.
Metal Blockchain is an encrypted network developed by Metallicus based on the Avalanche branch. Metal developers claim the network is “built with BSA Bank Secrecy Act compliance,” meaning it has built-in authentication and anti-money laundering features.
According to the announcement, the network has a subnet called “X-Chain,” which allows developers to set rules for transferring assets. For example, tokens can be sent under the rules of “send to US citizens only” or “can only be traded tomorrow”.