Stablecoin Issuers Get Banking Charters

Five stablecoin issuers, including Circle and Ripple, received conditional approval for national banking charters from the OCC. This marks a significant step towards integrating digital currencies into traditional banking, signaling growing acceptance and regulation of digital assets by federal authorities. The move could reshape how we think about and use digital money, fostering innovation and stability in the digital asset space.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.