US Treasury OCC allowing US banks to use stablecoins in the US financial system

in LeoFinance3 years ago (edited)

image.png
The news was released just a few hours ago in Coindesk and Cointelegraph

This is an impressive step forward for Crypto technology as the new interpretive letter establishes that banks can treat public chains as infrastructure similar to SWIFT, ACH, and FedWire, and stablecoins like USDC as electronic stored value.

We are on a path towards all major economic activity being executed on-chain. It is tremendous to see such forward thinking support from the largest regulator of national banks in the United States.

The full threat from Jeremy Allaire, Founder of Circle, can be found here

You can read all about it in this scribb document

Posted Using LeoFinance Beta