The Paypers

APRIL 25, 2022

Stablecoin issuer Circle has announced it is in discussions with US regulators to become the fourth crypto-native company to open a federal trust charter through the Office of the Comptroller of the Currency (OCC).

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PYMNTS

NOVEMBER 19, 2020

And recently, the Office of the Comptroller of the Currency said national banks and federal savings associations could hold reserves for customers who issue stablecoins. In another example, the Fed is working with MIT to look into ways to implement digital coins into the infrastructure.

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PYMNTS

NOVEMBER 4, 2020

In September, the Office of the Comptroller of the Currency (OCC) clarified the authority for national banks and federal savings associations to hold reserves on behalf of customers who issue stablecoins (those coins have to have a one-to-one relationship with a fiat currency). The Outlook For Stablecoins .

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CB Insights

MAY 3, 2021

The company offers a variety of products, like crypto brokerage APIs, settlement services, a cryptocurrency exchange named itBit, and stablecoins. Paxos recently secured a trust charter from the US Office of the Comptroller of the Currency (OCC), making it the first digital asset custodian to be regulated at both the state and federal levels.

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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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PYMNTS

DECEMBER 24, 2020

Office of the Comptroller of the Currency announced that banks could hold reserves on behalf of customers who issue stablecoins — which are, of course, a form of crypto but are pegged to an underlying asset such as a dollar. Over the summer, the U.S.

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PYMNTS

JANUARY 15, 2021

For stablecoins, concept is edging closer to reality, especially for digital dollars – with a dose of regulatory clarity. To that end, as Jeremy Allaire , CEO of Circle , told PYMNTS’ Karen Webster, a number of trends are converging to bring stablecoins into the mainstream of commercial and consumer payments.

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CB Insights

FEBRUARY 16, 2021

While this can be exciting to witness, it also shows bitcoin’s massively unreliable nature — especially as a currency for goods and services. This is where stablecoins come into play. Stablecoins are much more fixed than normal cryptocurrencies. Recently, there has been a so-called “stablecoin invasion.” Source: CoinDesk.

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PYMNTS

DECEMBER 9, 2020

BitPay has filed with the Office of the Comptroller of the Currency (OCC) to set up a federally regulated bank called the BitPay National Trust Bank, which will be headquartered in Georgia. Rashida Tlaib has introduced the STABLE Act , which would require stablecoin issuers to obtain bank charters. In addition, Rep.

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