New OCC stablecoin rule resets redemptions, and banks face big shifts
For covered issuers, the ordinary two-business-day limit ends at payment initiation or requested issuer credit, with external bank availability assessed separately. Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox
Key Takeaways
- New OCC stablecoin rule resets redemptions, and banks face big shifts.
- For covered issuers, the ordinary two-business-day limit ends at payment initiation or requested issuer credit, with external bank availability assessed separately.
- Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next.
For covered issuers, the ordinary two-business-day limit ends at payment initiation or requested issuer credit, with external bank availability assessed separately. Read the full story on CryptoSlateUnderstand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox
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Published originally on CryptoSlate
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