US Fed clarifies process for banks to transact in stablecoins

By
Follow google news

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 ...

Hi! You've reached one of our premium articles. This is available exclusively to subscribers.

It's free to register, and only takes a few minutes.

Once you sign up you'll have unlimited access to the full catalogue of Australia's best business IT content, as well as a daily news bulletin delivered straight to your inbox.

Register now

Add iTnews as your trusted source

Add iTnews As Your Trusted Source Add iTnews As Your Trusted Source
Got a news tip for our journalists? Share it with us anonymously here.
Tags:
financial servicesstablecoin

Sponsored Whitepapers

Beyond RAG basics: Strategies and best practices for implementing RAG
Beyond RAG basics: Strategies and best practices for implementing RAG
AI Workflows vs AI Agents Whitepaper
AI Workflows vs AI Agents Whitepaper
Context Engineering with Hybrid Search for Agentic AI
Context Engineering with Hybrid Search for Agentic AI
Building AI-powered Search Experiences
Building AI-powered Search Experiences
Shining a Light in the Dark: Observability and Security
Shining a Light in the Dark: Observability and Security

Events

Most Read Articles

Great Southern Bank poised to reveal first AI agents

Great Southern Bank poised to reveal first AI agents
Macquarie Bank saves 130,000 hours in seven months of Gemini Enterprise use

Macquarie Bank saves 130,000 hours in seven months of Gemini Enterprise use
Westpac Intelligence Layer breaks cover

Westpac Intelligence Layer breaks cover
Suncorp creates a "clear execution roadmap" for agentic AI

Suncorp creates a "clear execution roadmap" for agentic AI
techpartner.news logo
Sydney-based AI-cloud waste startup raises $3m
Sydney-based AI-cloud waste startup raises $3m
Brennan uses NiCE to modernise its contact centre
Brennan uses NiCE to modernise its contact centre
Impact Awards: Tecala slashes customer response times for fintech IQumulate
Impact Awards: Tecala slashes customer response times for fintech IQumulate
Interactive introduces private cloud platform
Interactive introduces private cloud platform
Digital61 expands cybersecurity portfolio
Digital61 expands cybersecurity portfolio

Log In

  |  Forgot your password?