FedNow, the Federal Reserve's instant payment system, is now live and available to depository institutions in the United States, enabling individuals and businesses to send instant payments through their depository institution accounts. FedNow service is designed to maintain uninterrupted 24x7x365 service. According to previous news from Foresight News, according to CoinDesk, FedNow aims to solve the delay problem of existing inter-institutional financial transaction clearing. Some people believe that the system may challenge the real-time settlement ability of stablecoins.