The US Federal Reserve has reportedly recruited a new manager, working mainly in the Retail Payments section, based in Washington, D.C.

Specifically, on November 3, a new vacant position is available, as can be seen on the official web page of the US governmental department. Applicants for the vacancy will be primarily tasked with supporting the research of cryptocurrency, stablecoins and distributed ledger technologies (DLT). 

Apart from the principal duties and responsibilities, the job description includes promoting and contributing to the growth and implementation of new policies, regulations and research connecting with the retail payment systems. 

The new manager will work directly in the Retail Payments section, and will be tasked with supervising the Federal Reserve Banks’ check and automated clearinghouse services, facilitates research in retail payments innovation, together with tackling policy and regulation-related matters in the field of retail payment. 

The salary is approximately $250,700 annually – grade 29 according to the salary regiment of the Federal Reserve. 

This initiative coming from the US agency could potentially be the response to the question, raised by members of the U.S. House of Representatives Financial Services Committee in October, regarding the possible introduction of a U.S. dollar crypto coin.