PYMNTS

SEPTEMBER 23, 2020

In today’s top news in digital-first banking, the Office of the Comptroller of the Currency (OCC) has issued stablecoin guidance, and Deutsche Bank intends to decrease the size of its brick-and-mortar footprint. A letter by the OCC published on Monday (Sept. Deutsche Bank plans close 20 percent of its branch offices in Germany.

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OCC Office of the Comptroller of the Currency Stablecoins Reconciliation 85

Payments Source

JANUARY 5, 2021

The digital currency and related distributed-ledger technologies could "enhance the efficiency, effectiveness and stability of the provision of payments," according to an interpretive letter issued by the Office of the Comptroller of the Currency.

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Office of the Comptroller of the Currency OCC Stablecoins Process 105

PYMNTS

SEPTEMBER 21, 2020

The Office of the Comptroller of the Currency (OCC) released a letter that explained the authority of federal savings associations and national banks to keep “reserves” for clients who are issuers of stablecoins in some cases, according to a Monday (Sept. 21) press release. Acting Comptroller of the Currency Brian P.

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Office of the Comptroller of the Currency Stablecoins Fraud Prevention OCC 68

PYMNTS

JULY 26, 2020

” Avanti intends to use Avit, an equivalent to cash that is nicknamed a “stablecoin disruptor,” according to the release. dollars that does not suffer from the delayed settlement and chargeback issues of traditional payment solutions, or the legal, accounting and tax issues of stablecoins,” the release stated. .

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Settlement Stablecoins OCC Cryptocurrency 61

CB Insights

MAY 3, 2021

New York-based Paxos is a blockchain infrastructure platform that provides cryptocurrency services, like crypto trading and settlement or custody, to enterprises. The company offers a variety of products, like crypto brokerage APIs, settlement services, a cryptocurrency exchange named itBit, and stablecoins.

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PYMNTS

AUGUST 3, 2020

Morgan’s initiatives in cryptocurrency and stablecoin technology have ramped up in recent months, for instance. There are currently three community banks in the market that provide services to the digital asset arena: Signature Bank , Silvergate Bank and Metropolitan Commercial Bank.

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Real Time Payments Office of the Comptroller of the Currency Settlement Treasury 117

PYMNTS

SEPTEMBER 22, 2020

The regulator of the nation’s banks has issued its first guidance on stablecoins , the cryptocurrency backed by traditional currency. . A letter by the Office of the Comptroller of the Currency (OCC) published on Monday (Sept. Allaire said this has been a long time coming. “The

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