Banks can act as nodes on a blockchain or conduct payments using stablecoins, the OCC said Monday.
The future of money will be a tussle between algorithmic and fiat-pegged stablecoins and central bank digital currency experiments.
The charter makes GMO one of only 27 companies licensed in New York to engage in virtual currency activities.
The scheme has become common in the fast-growing DeFi sector.
Proposals forcing stablecoin issuers to get banking licenses won't increase financial inclusion, as their proponents claim.
The IMF paper suggests the U.S. dollar's role as a reserve currency is safe for now, but private digital currencies could come to compete in time.
OKCoin is allowing users to invest in decentralized finance (DeFi) applications through its site without paying gas fees.
Bankhaus von der Heydt partnered with Bitbond to launch its euro-backed stablecoin on Stellar last week.
The OCC's head economist said in a paper that chartering stablecoin providers would offer benefits to consumers as well as to the firms themselves.
Women of color from the cryptocurrency industry are concerned the STABLE Act would make wealth disparities in the U.S. much worse.
The STABLE Act regulating the burgeoning stablecoin industry is misplaced and overly broad, says our columnist.
Germany’s Bankhaus von der Heydt is working with Bitbond for the first direct issuance of a stablecoin by a bank on Stellar, the firms said.
Oon CNBC’s ‘Squawk Box’ on Monday, Allaire spoke about the regulatory attitudes toward stablecoins and how the incoming administration may treat crypto.
Donations in dai, USDC, and ether were sent to Coin Center via Gitcoin.
The Treasury Department wants state and federal regulators to keep a vigilant watch on digital asset innovation.