United States: OCC Issues Interpretation On Independent Node Verification Networks And Stablecoins - Cadwalader, Wickersham & Taft LLP

United States: OCC Issues Interpretation On Independent Node Verification Networks And Stablecoins - Cadwalader, Wickersham & Taft LLP

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In an interpretive letter, the OCC clarified that banks may (i) serve as participants, or "nodes," in Independent Node Verification Networks and (ii) use related stablecoin transactions to conduct payment activities,

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