In a previous post we discussed a near-term option for stable coin issuers to use the current banking system. This set-up would hopefully satisfy regulators and STABLE act authors, allow banks a small role in the burgeoning cyrpto industry, and led a sense of legitimacy to crypto and stable coins.

The arguments are set, the ring is created, and the opponents have stepped in.

TLDR: How to make the STABLE Act, OCC, and Banks all work together? Allow stable coin issuers to hold assets at banks and through which give stable coin issuers fractional banking provisions to stabilize and foster…

Alex Zukauskas

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