OCC Allows U.S. Banks To Use Stablecoins For Their Settlement Infrastructure

What happened? The Office of the Comptroller of the Currency (OCC) released a 3rd interpretive letter, clarifying U.S. federally chartered banks and federal savings associations’ authority to use dollar stablecoins and public blockchains for their settlement infrastructure. It clarifies banks and savings associations can run crypto nodes. The letter states “a national bank or federal […]