; (2) superseding any requirement of State law relating to money transmitting businesses operating in that State, other than for payment stablecoin issuers under this section; or (3) limiting the authority of an insured depository institution to engage in activities permissible pursuant to applicable State and Federal law, including accepting or receiving deposits represented on a distributed ledger or any similar analogue. (n) Definitions In this section: (1) Depository institution The term depository institution has the meaning given the term in section 19(b)(1) of the Federal Reserve Act ( 12 U.S.C. 461(b)(1) ) and includes— (A) an insured depository institution; or (B) a depository institution operating under subsection (c) of section 5169 of the Revised Statutes ( 12 U.S.C. 27 ), or a substantially similar State law, which is exclusively engaged in issuing payment stablecoins, providing safekeeping, trust or custodial services, or activities incidental to the foregoing. (2) Payment stablecoin The term payment stablecoin has the meaning given the term in section 9801 of title 31, United States Code. (3) Segregated balance account The term segregated balance account includes an account of a depository institution with a Federal Reserve bank or a foreign central bank to which only required payment stablecoin assets are credited. . 702. Treatment of endogenously referenced crypto assets (a) Definition As used in this section, endogenously referenced crypto asset means a crypto asset that— (1) its originator has represented will be converted, redeemed, or repurchased for a fixed amount of monetary value, or a mechanism exists or is provided to achieve any of the preceding