The Federal Reserve Issues State Member Bank Guidance for ‘Dollar Tokens’ (Dollar-pegged Stablecoins)

Regulation | Aug 10, 2023 The Federal Reserve's recent announcement regarding the supervisory nonobjection process for state member banks has been a topic of keen interest. This process pertains to banks looking to engage in activities involving tokens denominated in national currencies, commonly known as "dollar tokens" (aka dollar-pegged stablecoins). Overview The Fed aims to

The post The Federal Reserve Issues State Member Bank Guidance for ‘Dollar Tokens’ (Dollar-pegged Stablecoins) first appeared on National Crowdfunding & Fintech Association of Canada.