Office Of The Comptroller Of The Currency Chief Counsel Says Stablecoin Reserves Can Be Held By Federally Chartered Banks And Thrifts

OCC Interpretive letter on chartered banks and thrifts holding Stablecoin reserves. What are the requirements? Implications for stablecoins and digital finance, what does this mean for Libra?

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

The Office of the Comptroller of the Currency (OCC) has issued its second letter this afternoon permitting the use of reserve accounts by U.S. financial institutions to support digital dollar stablecoins. U. S. financial institutions under the leadership of Acting Comptroller Brian Brooks.

Cryptoconvert: Why A 168-Year Old Banknote Printer Will Soon Be Churning Out Digital Drachmas For Central Banks

When printing paper money is your core business, hyper-inflation is your best friend and digital transactions are your worst enemy. How Germany’s Giesecke & Devrient has learned to thrive in a low inflation, electronic payments world.

Between Crypto, Libra, Stablecoins, And Digital Dollars, Congress Introduced 35 ‘Blockchain’ Bills
As Project Libra provided the possibility of a ‘GlobalCoin’ or world currency, the interest in crypto catapulted as Facebook’s idea sparked issues of consumer protection, safety, and soundness in the banking system, monetary policy, and the status of the U. S. dollar as the world reserve currency.

Digital Dollar Project In Light Of Recent Congressional Hearings

Digital Dollar Project and its prospects. Push-back from Fed on who will construct the infrastructure for the digital dollar which should include secure digital wallets and digital identity. Arguments for direct FedAccounts. The different systems should co-exist. A phased approach, wholesale first.

Digital Dollar Hearing Round #2: U.S. Senate To Examine Future Of Money

On June 30, 2020, the U.S. Senate Banking Committee will hold a virtual hearing titled “The Digitization of Money and Payments.’ Up for a second time, after appearing as a witness in the House hearing, is J. Christopher Giancarlo, former Chairman of the U.S. Commodity Futures Trading Commission.

Congress To Hold Hearing On Digital Dollar Options For Stimulus Payments
Congressman Stephen Lynch (D-MA), who serves as Chair of the FinTech Task Force, is holding a hearing this Thursday at 12pm ET titled, “Inclusive Banking During a Pandemic: Using FedAccounts and Digital Tools to Improve Delivery of Stimulus Payments”.

Central Bank Digital Currencies (CBDCs): A Crisis Recovery Tool For Governments
Central Bank Digital Currencies (CBDCs) could give central banks and governments more options in their economic recovery efforts. CBDCs provide a mechanism to help ensure the continuity and sustainability of economies, along with increasing both speed and transparency of payments.