US Federal Regulator Says Banks Can Conduct Payments Using Stablecoins

[monokh]

https://www.coindesk.com/occ-banks-stablecoin-payments

[csense]

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?

[1996]

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.