Japanese Internet Giant Licensed to Issue First JPY-Pegged Stablecoin in New York
The charter makes GMO one of only 27 companies licensed in New York to engage in virtual currency activities.
Origin is relaunching its yield-generating stablecoin following a November attack that drained OUSD holders of $7 million.
Banks can act as nodes on a blockchain or conduct payments using stablecoins, the OCC said Monday.
The latest research report looks at data and timelines and what they mean for asset prices.
The future of money will be a tussle between algorithmic and fiat-pegged stablecoins and central bank digital currency experiments.
A stablecoin is a type of cryptocurrency whose value is tied to an outside asset, such as the U.S. dollar or gold, to stabilize the price.