Office Of The Comptroller Of The Currency Chief Counsel Says Stablecoin Reserves Can Be Held By Federally Chartered Banks And Thrifts

Stablecoins were constructed to dampen volatility of crypto-currencies.Companies that issue one type of stablecoin do this by creating a reserve of fiat currency, a 1:1 peg to the underlying fiat.In this type of stablecoin, the volatility that should remain, is the volatility of the fiat itself.The market cap for stablecoins as of a few days…

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SEC Won’t Take Action Against Compliance-Focused Digital Security Exchanges

Home » Cryptocurrency News » Cryptocurrency News » SEC Won’t Take Action Against Compliance-Focused Digital Security Exchanges SEC Won’t Take Action Against Compliance-Focused Digital Security Exchanges September 29, 2020 Sep 29, 2020 at 12:52 UTC Updated Sep 29, 2020 at 13:31 UTC SEC building (Andriy Blokhin/Shutterstock) The Securities and Exchange Commission (SEC) has said digital…

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Rio DeFi ($RFUEL): The next frontier of finance?

Rio DeFi ($RFUEL): The next frontier of finance? By 0 Rio DeFi ($RFUEL) is a blockchain technology company.It aims to bridge the traditional finance with the blockchain space with its powerful digital infrastructure, Rio Chain.It focuses on security, speed, scalability, and interoperability with existing blockchain. The whole Rio ecosystem promises a wide array of services…

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