SEC, OCC Issue First Regulatory Clarifications for Stablecoins
The U.S. OCC has published fresh guidance, officially clarifying national banks can provide services to stablecoin issuers in the U.S.
The total value of stablecoins has now surpassed $20 billion, reflecting the growing demand of investors looking to hedge their risks in both crypto and traditional markets amid the coronavirus pandemic.
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For some, the OCC's recent stablecoin guidance, while helpful, raises as many issues as it clarifies.
Origin is announcing Origin Dollars, or OUSD, a stablecoin whose reserves leverage decentralized finance (DeFi) so that balances grow wherever it resides.
The EU central bank said the term stablecoin is potentially "confusing" and "misleading" to consumers.