Basically, they forced all the exchanges to have a version of the stable coin as a 'sovereign currency' and to be allowed to participate in the US for example, they need to buy from the FED an amount of USD to counter the crypto they have on their exchange, or a part of it. They issue on the amount the exchange say they have "disposed" and they get a cut. 
It works that simple !
It works that simple !
Can you flesh this out ?
and or post source?
^ Something similar happened to all exchanges that wanted to be allowed in the US market. You get it now??
I always "got you" in what you are trying to say
Just wondering how you got there bro....and if you had any source to share, so we can all have a read on the details.
Also, when you say the exchanges, had to buy from "the FED", an amount of USD.... what does that look like?
Lets say Binance: Like 10 billion lets say last year??
... And for like every billion they would get like a 5% freebie or something. Or FED allows them to give loans as banks do. Because also banks buy from the FED? *edit(): In a way it is laundering money and enforcing/backing all that trash fiat with pure gold technology that is crypto.
