Agora Wins OCC Approval to Move AUSD Issuance to a US Trust Bank
- —OCC approved Agora's plan for a US national trust bank
- —The bank would take over AUSD issuance and reserves from Agora's Bermuda entity
- —Opening depends on meeting capital, liquidity and compliance requirements
Why it matters: Bringing AUSD issuance under OCC supervision boosts confidence in the stablecoin and sets a precedent for other issuers.
Source: The Defiant
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