US Fed clarifies process for banks to transact in stablecoins

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Should obtain permission in writing.

US Fed clarifies process for banks to transact in stablecoins
State banks that are a member of the US Federal Reserve system should obtain a written supervisory nonobjection from the Fed before issuing, holding or transacting in dollar tokens used to facilitate payments, such as stablecoins, the central bank said in a new supervisory letter. The Fed also ...

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