USD Coin at $1.00 on Jan 5, 2021
Brian Brooks (the GOAT) Acting Comptroller of the Currency for the Office of the Comptroller of the Currency (OCC) dropped a historic cryptocurrency regulations. Brooks provided clarity for banks, allowing them to custody cryptocurrency and stablecoins, as well as engage in stablecoin activity. www.forbes.com/...527e9
Today the OCC published Interpretive Letter 1174, which explains a bank may use stablecoins to facilitate payment transactions for customers.