US Allows Banks to Use Stablecoins for Payments - Can This Trigger a Wave of Digital Currency Application Innovation?
The game has begun! On January 4th, the U.S. Office of the Comptroller of the Currency (OCC) issued an interpretive letter stating that U.S. national banks and federal savings associations may use public blockchains and stablecoins for settlement. This is absolutely groundbreaking news - the doors to a new era are quietly opening. Morgan Creek founder and cryptocurrency advocate Anthony Pompliano couldn't contain his excitement, commenting on his personal social media: "The OCC just told US banks they must treat permissionless open-source blockchains the same way they treat SWIFT, ACH, and FedWire,"