RAIN
−9.6%Two crypto firms file for US trust bank charters for stablecoin services
Payments infrastructure firm Modern Treasury, which has facilitated more than $600 billion in payments, and stablecoin platform Rain have each applied to the Office of the Comptroller of the Currency for a US national trust bank charter.
- Modern Treasury and Rain have each applied for a US national trust bank charter from the OCC
- Both proposed banks would offer stablecoin custody and related fiat services
- Neither proposed bank would accept consumer deposits or offer FDIC-insured accounts
GNO
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