Breaking news has come from US Treasury OCC, the largest US banking regulator (USOCC), with new guidance allowing US banks to use public blockchains and dollar stable coins as a settlement infrastructure in the US financial system.
What does this mean?
This means banks can treat public chains like bitcoin, ethereum, zilliqa, USDC as infrastructure similar to SWIFT, ACH and FedWire, and stablecoins like USDC as electronic stored value. This is really big news and one of the stepping stone towards mass adoption of blockchain.
Note: This is a developing story and will be further updated.