Block’s Builders Bank Would Custody Bitcoin, Not Take Deposits
Block has applied for an uninsured national trust bank focused on bitcoin and stablecoin custody. It would not accept deposits or make loans.
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Tag: <span>OCC</span>
The OCC’s Stablecoin Proposal Turns ‘One-to-One Backing’ Into an Operating Test
The OCC’s proposed GENIUS Act rules would require one-to-one identifiable reserves, diversified liquidity and public redemption procedures for stablecoin issuers under its jurisdiction.