On September 21, the OCC clarified in an interpretive letter that federally chartered banks and thrifts may take reserves on behalf of customers who issue cryptocurrency stablecoins. As Jeff Alberts, co-head of the FinTech Group, discusses in this video, taking stablecoin reserve deposits represents a potentially lucrative opportunity for federally chartered banks. To learn more about the benefits and challenges of accepting stablecoin reserve deposits, check out the video below.
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The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
