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US regulator allows blockchains and stablecoins to be used as settlement by banks

The Paypers

The US Office of the Comptroller of the Currency has given the green light to national banks and federal savings institutions to use public blockchains and stablecoins for settlement.

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Bitcoin Daily: US National Banks To Hold Reserve Currencies For Stablecoins; Stripe To Pay Massachusetts $120K In PlexCoin ICO Role

PYMNTS

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. Acting Comptroller of the Currency Brian P.

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Banks, FinTechs Dive Into New Payment Rails For B2B

PYMNTS

Between the Office of the Comptroller of the Currency clearing the way for financial institutions (FIs) to embrace stablecoin, and The Clearing House's latest real-time payments (RTP) push, new payment rails continue to gain traction. OCC Clears Banks For Stablecoin. BELLIN Secures SWIFT gpi Label.

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PayPal-Backed Paxos Raises $300M To Expand Its Blockchain Infrastructure Platform

CB Insights

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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How Treasurers Can Prepare For A Real-Time Payments Ecosystem

PYMNTS

Morgan’s initiatives in cryptocurrency and stablecoin technology have ramped up in recent months, for instance. One of the biggest disruptions of the payments ecosystem as a result of the growing traction of digital assets and the ubiquity of real-time settlement will be felt by corporate treasurers, Long predicted.