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 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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