Stablecoins are becoming banks amid Ripple’s OCC bid, Tether’s USAT push, and BoE’s proposed wallet caps

Stablecoin issuers are moving toward bank charters in the United States, Tether is planning a U.S. product, and the Bank of England has proposed caps on holdings of systemic stablecoins. Ripple has applied to form Ripple National Trust Bank, a federal trust institution that could custody assets and, subject to separate Federal Reserve decisions, seek The post Stablecoins are becoming banks amid Ripple’s OCC bid, Tether’s USAT push, and BoE’s proposed wallet caps appeared first on CryptoSlate.