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

MAY 11, 2020

Office of the Comptroller of the Currency (OCC) Chief Operating Officer Brian Brooks said he thinks digital currency firms could go under a federal licensing program in the event they offer what could be called payment services, CoinDesk reported. Meanwhile, MiL.k,

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The Paypers

JANUARY 5, 2021

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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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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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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Payments Dive

JULY 2, 2025

A few days after the senators’ announcement, the Federal Reserve Board, the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency said they would seek to better address payments fraud. The agencies suggested increased collaboration, more industry education and improved supervision.

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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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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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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

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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Finextra

JUNE 25, 2025

From later this year, SoFi customers will be able to buy, sell, and hold a selection of crypto currencies like Bitcoin and Ethereum. Later, the firm is planning to go further, offering stablecoins, the ability to borrow against crypto assets and staking features.

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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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The Payments Association

MARCH 18, 2025

The Federal Reserves shift on crypto banking access could impact payments, stablecoins, and digital assets. This should, in theory, improve banking access for stablecoin-focused companies and enable banks to offer crypto services. The US, with its widely used USDC stablecoin, is well-positioned to lead. Why is it important?

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The Payments Association

JANUARY 31, 2025

the Board of Governors of the Federal Reserve System (FRB), the Federal Deposit Insurance Corporation (FDIC), the Office of the Comptroller of the Currency (OCC), or the National Credit Union Administration (NCUA)) are not included in the Working Group, especially given the allegations of an ‘Operation Choke Point 2.0.,’

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