U.S. Treasury’s OCC Issues First Regulatory Clarifications for Stablecoins

[1] U.S. Treasury’s OCC issues first regulatory clarifications for stablecoins What: National banks can provide services to stablecoins issuers in the U.S after conducting due diligence and may hold deposits of stablecoins backed 1-to-1 by a single fiat currency. Importance: Until now, stablecoin issuers were using U.S. banks in a grey regulatory environment. This was […]