Three Stablecoin Firms Win Conditional OCC Trust Bank Charters
- —Bastion, Catena and Agora won conditional OCC trust bank charters
- —The banks cannot launch until final regulatory requirements are met
- —Agora plans to move reserves backing its AUSD stablecoin into a new bank
- —A $1 billion reserve base at 4% would yield about $40 million a year
Why it matters: Federal oversight of stablecoin reserves is deepening, though the approvals do not by themselves prove new demand for XRP.
Source: DailyCoin
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