Stablecoin’s Web Is Full of Characters

There is a web of intrigue playing out in the stablecoin policy sphere and oversight of the centralized & decentralized cast of characters in the mesh will rest with OCC.

Agencies, banks, crypto business, public organizations are among the cast of characters in the stablecoin mesh. JPMorgan Chase, Bank of America, Citi, Wells Fargo, and others are exploring the possibility of producing a combined stablecoin according to news reports. The stablecoin policy web is simply commencing and will likely get more complex after legislation is signed into law.

Photographer: Kent Nishimura/Bloomberg There has actually been a web of intrigue playing out in the stablecoin policy sphere. Agencies, banks, crypto business, public institutions are amongst the cast of characters in the stablecoin mesh. JPMorgan Chase, Bank of America, Citi, Wells Fargo, and others are checking out the possibility of developing an unified stablecoin according to news reports. OCC To Control Stablecoin providers Oversight of this messy web will rest in the province of the Workplace of the Comptroller of the Currency. The stablecoin policy web is just commencing and will likely get more complex after legislation is signed into law.