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Stablecoins are becoming banks amid Ripple’s OCC bid, Tether’s USAT push, and BoE’s proposed wallet caps – TON BOT

Stablecoins are becoming banks amid Ripple’s OCC bid, Tether’s USAT push, and BoE’s proposed wallet caps

Stablecoin issuers in the US are seeking bank charters, with Tether planning a US product and Ripple applying for a trust bank charter. The Bank of England has proposed caps on systemic stablecoin holdings. Different models show potential revenue depending on Federal Reserve access and reserve placement. UK caps may shift focus to payment providers and tokenized deposits.


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