Contact FreedomWorks

111 K Street NE
Suite 600
Washington, DC 20002

  • Toll Free 1.888.564.6273
  • Local 202.783.3870
WATCH NOWThe Battle for Senate Heats Up in Georgia | Inside the StoryWatch Here

Regulatory Acceptance of Stablecoins Signals Big Changes on the Horizon

A major piece of guidance issued recently by the Office of the Comptroller of the Currency (OCC) is already making waves in financial circles. This directive allows banks and federal savings associations to hold deposits as reserves for stablecoins that are backed one-to-one by a fiat currency. Although this order is very limited in scope, it represents a pivotal move towards an innovative regulatory framework and signals the future inclusion of commodity-backed stablecoins.