*Ahem*
Banks now have the go-ahead to hold reserves for Stablecoins; news was reported on Cointelegraph that US Federally regulated banks can essentially back derivatives known for being a 1:1 peg to the U.S. Dollar. ¹
What this means? -- Loans, transfers & other business transactions can potentially become cheaper and quicker in the near future.
A couple months ago, the Office of the Comptroller of Currency (OCC) for US dollar gave Chartered banks the ability to custody Crypto², which was the frame work for Kraken securing the first federally regulated chartered US bank earlier this month.³
What this means? -- We're one step closer to transferring Bitcoin and other Crypto with U.S. National banks.
Conclusion: My investments are actually pretty heavily skewed toward the industry that profits from news like this (loan makers); but I have previous articles (linked here) that talk all about that.
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