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Stablecoin sent in USDF by banks under FDIC backing

The recently launched stablecoin known as USDF has taken a huge step in being accepted by banks. USDF is a stablecoin that has been Bank-Minted with a reference to Fiat Currency. The consortium created USDF and they are a group of banks supported by the FDIC (Federal Deposit Insurance Commission.) The stablecoin is aimed at creating a network of banks that enhance the rate at which token holders adopt USDF coins. This will encourage fluid transactions of decentralized currency on the public bloc...
United States Ashley Harris Mike Cagney Scott Lucas York Community Bank Provenance Blockchain Foundation
Source: pulse.ng

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Bank Regulator Group Ends Fintech Charter Suit Against OCC

State bank supervisors have dropped a suit challenging the Office of the Comptroller of the Currency's authority to grant charter status to nonbanks after a fintech firm agreed to subject itself to the same federal regulatory requirements that traditional banks face, the OCC announced.
National Association Technologies Inc Deposit Insurance Corporation Office Of The Comptroller Conference Of State Bank Supervisors State Bank Supervisors
Source: law360.com

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