Stablecoins are here to stay. Every tom dick and harry is going to be creating the stablecoins. And unless govt around the world do some form of regulation on that there is less likely to be any less fragmentation. So the Office of the Comptroller of the Currency (OCC) is about to give some permission to the agora finance. 

And currently they are applying for the national bank license. And once they get final approval they would be able to issue the stablecoin to their consumers. 

My critical view? Stablecoins are making it easier to go the cashflow from one nation to another. And unless KYC and stuff is added there is going to be easy money laundering from the crypto. And this would be even more difficult for the people to trust the losses here.

But then again getting bank license is how most of the American companies are moving funds and making the legal money laundering. So we have something to explore. You can check the news here. 

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