<p><img src="https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/uploads/2023-04/7520fa8e-228d-4b69-a03a-b2951a705108.jpg"></p><p>Updated rules by the New York Fed could deem stablecoin issuer Circle “ineligible” for access to the Fed's money market.</p>