US Federal Regulator Says Banks Can Conduct Payments Using Stablecoins (opens in new tab)

(coindesk.com)

17 pointsmonokh5y ago2 comments

2 comments

So does this apply to a decentralized Ethereum stablecoin (DAI)? A centralized Ethereum stablecoin (USDC)? Or do they rule out Ethereum entirely and insist the blockchain itself must be centralized?

19965y ago

Most important news of the last 2 years.

This makes the business model of most clearinghouses obsolete, as the banks will be able to cut out the intermediary by using technology.

j / k navigate · click thread line to collapse

2 comments

csense5y ago

So does this apply to a decentralized Ethereum stablecoin (DAI)? A centralized Ethereum stablecoin (USDC)? Or do they rule out Ethereum entirely and insist the blockchain itself must be centralized?

19965y ago

Most important news of the last 2 years.

This makes the business model of most clearinghouses obsolete, as the banks will be able to cut out the intermediary by using technology.

j / k navigate · click thread line to collapse