Erebor Bank Receives OCC Approval, Paves Path for Stablecoin Market Shakeup

Erebor, a crypto bank backed by Peter Thiel’s Founders Fund and Haun Ventures, has received a preliminary approval from the Office of the Comptroller of Currency (OCC) to facilitate stablecoin transactions in the US. This landmark move signals a potential shift in the landscape for stablecoins like USDC and USDT, potentially influencing liquidity dynamics and payment systems within the crypto industry. 💰 📈