“Our letter removes any legal uncertainty about the authority of banks to connect to blockchains as validator nodes and thereby transact stablecoin payments on behalf of customers who are increasingly demanding the speed, efficiency, interoperability, and low cost associated with these products,”
"This is a huge win for crypto and stablecoins, Decentralized, permissionless, open source and internet mediated software is literally becoming the foundation for not just the US financial system but for the global economy."
Source:
The Office of the Comptroller of the Currency (OCC) - News Release 2021-2 | January 4, 2021
'Federally Chartered Banks and Thrifts May Participate in Independent Node Verification Networks and Use Stablecoins for Payment Activities' https://www2.occ.gov/news-issuances/news-releases/2021/nr-occ-2021-2.html
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