On the 26th, the U.S. Office of the Comptroller of the Currency (OCC) called on community banks (small and regionally focused banks in the U.S.) to develop functionalities related to payment stablecoins, based on the 'National Innovation Guidelines and Establishment Act for U.S. Stablecoins' (Genius Act).
The OCC recommends that banks or their subsidiaries consider applying to become authorized issuers of payment stablecoins. This initiative aims to...
