OCC Urges Community Banks to Explore Stablecoin Payments
Edited by Steinar Vigdel Kolnes, Editor, Oslo
The U.S. banking regulator is encouraging smaller lenders to build stablecoin services ahead of new federal licensing requirements.
The Office of the Comptroller of the Currency is urging community banks to consider entering the stablecoin payments business, according to CoinDesk.
The regulator is encouraging smaller lenders to develop services involving stablecoins as new federal licensing requirements draw closer.
The appeal puts stablecoin payments on the agenda for community banks preparing for the forthcoming licensing framework.
Source: CoinDesk
