OCC Encourages Community Banks to Partner with Stablecoin Developers

The U.S. Office of the Comptroller of Currency (OCC) has issued a call for community banks to form partnerships with companies developing stablecoins. This initiative seeks to foster innovation and introduce new products within the banking sector. The OCC intends to adapt its regulatory framework and supervisory practices as necessary to support this innovation while safeguarding the vitality of community banks.