Fiat Freeway: The OCC addresses the use of Stablecoins for Payment Activities

Quick Take

  • ‘Fiat Freeway’ is a weekly column providing the latest updates on central bank digital currencies (CBDCs) and stablecoins. 
  • This week’s column examines the most recent interpretive letter on digital assets from the U.S. Office of the Comptroller of the Currency’s (OCC).
Last week, ‘Fiat Freeway’ explored GMO-Z.com Trust Company Inc.’s trust charter approval from the New York State Department of Financial Services (NYDFS). Our piece concluded with a review of a recent FEDS Note on the tokens vs. accounts classification of digital assets, particularly CBDCs. We’ve also previously covered Visa’s novel offline payment system (OPS) protocol […]

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