America says banks can now transact using so-called stable crypto-coins. What does that actually mean?
We talk to the experts after US Treasury's OCC blesses blockchains, digi-bucks Share Copy Feature The US Treasury Department's Office of the Comptroller of the Currency (OCC) on Monday published a letter clarifying how federally chartered banking groups can use cryptocurrency and associated technology to manage financial transactions. The letter endorses the use of independent node verification networks (INVN), such as blockchain distributed ledgers, and stablecoins – cryptocurrencies tied to fiat currencies, like Ethereum-based USD Coin (USDC) – as a means to settle customer tran...
Source: theregister.com