US Federal Regulator Says Banks Can Conduct Payments Using Stablecoins

US Federal Regulator Says Banks Can Conduct Payments Using Stablecoins(coindesk.com)

17 points by monokh 5 years ago | 2 comments

csense 5 years ago |

So does this apply to a decentralized Ethereum stablecoin (DAI)? A centralized Ethereum stablecoin (USDC)? Or do they rule out Ethereum entirely and insist the blockchain itself must be centralized?

1996 5 years ago |

Most important news of the last 2 years.

This makes the business model of most clearinghouses obsolete, as the banks will be able to cut out the intermediary by using technology.