US Federal Regulator Says Banks Can Conduct Payments Using Stablecoinscoindesk.com 17 pointsmonokh5 years ago2 commentsSaveHideCopy link On HNComments−csense5ySo 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?−19965yMost 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.
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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?
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.