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OCC Economist Cites Benefits of Issuing Bank Charters to Stablecoin Providers

The chief economist of the Office of the Comptroller of the Currency (OCC), a banking regulator within the U.S. Treasury, believes issuing national bank charters to “fintech shadow banks” could bring “substantial advantages.”In a paper titled “Chartering the FinTech Future,” Charles Calomiris set out how stablecoin providers chartered as

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US Lawmakers Introduce Bill That Would Require Stablecoin Issuers to Obtain Bank Charters

A new U.S. Congressional bill would require stablecoin issuers to secure bank charters and secure regulatory approval prior to circulating any stablecoins.U.S. Representatives Rashida Tlaib (D-Mich.), Jesús “Chuy” García (D-Ill.) and Stephen Lynch (D-Mass.) introduced the Stablecoin Tethering and Bank Licensing Enforcement (STABLE) Act on Wednesday, writing in a press

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