banks can use stablecoins for payments

banks can use stablecoins for payments

5/1/2021

The Office of the Comptroller of Currency announces that banks can use stablecoins for payments

The Office of the Comptroller of the Currency (OCC) stated in an explanation letter that federally regulated banks can use stablecoins for payment, indicating that banks and savings associations can now run crypto nodes and use the associated stablecoins for payment activities. But banks must also be aware of potential risks to ensure that they can be managed safely and reasonably. (Coindesk)


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