The Office of the Comptroller of the Currency Encourages Community Banks to Collaborate with Stablecoin Companies to Drive Innovation

According to ChainNews, the Office of the Comptroller of the Currency (OCC) stated that community banks can collaborate with companies developing stablecoins to promote innovation and launch new products. The OCC will review and update its regulatory and supervisory policies based on demand to support innovation in the banking industry and the development of community banks. OCC Director Jonathan V. Gould stated that stablecoins help community banks better meet payment needs.