US Federal Regulator Says Banks Can Conduct Payments Using Stablecoins

Posted by monokh on Monday January 04, 2021 @07:43PM
from the coindesk.com dept.

https://www.coindesk.com/occ-banks-stablecoin-payments

( 2 comments | 17 points | on HN )

Re:US Federal Regulator Says Banks Can Conduct Payments Usin... by csense on Monday January 04, 2021 @11:46PM (#25642220)

So does this apply to a decentralized Ethereum stablecoin (DAI)? A centralized Ethereum stablecoin (USDC)? Or do they rule out Ethereum entirely and insist the blockchain itself must be centralized?

[ Parent | on HN ]

Re:US Federal Regulator Says Banks Can Conduct Payments Usin... by 1996 on Tuesday January 05, 2021 @01:48AM (#25642852)

Most important news of the last 2 years.

This makes the business model of most clearinghouses obsolete, as the banks will be able to cut out the intermediary by using technology.

[ Parent | on HN ]