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##U.S. Federal Regulators Allow Banks To Back Digital Dollar Stablecoins

FREE Signals Mobile App - https://play.google.com/store/apps/details?id=com.freecryptosignals.app Visit - https://t.me/cryptosignalalert For more latest update on Cryptocurrency, Free Bitmex ByBit Binance future signals with 80-90% accuracy & Binance future ByBit trading BOT which does trades automatically in your account join above given Telegram group The Office of the Comptroller of the Currency (OCC) has issued its second letter this afternoon allowing U.S. financial institutions to back digital dollar stablecoins under the leadership of Acting Comptroller Brian Brooks. This letter permits U.S. financial institutions to hold deposits as reserves for stablecoins that represent fiat currency such as the U.S. dollar. The CC regulates large national banks such as Wells Fargo and J.P. Morgan Chase, so the guidance from this agency only applies to ‘National Associations’ and ‘Federal Savings Banks’. In coordination with the OCC, a statement from the Securities and Ex

##US Banks Can Hold Reserves for Stablecoins: Treasury Office

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