Public policy

Our comment letters to US banking regulators on stablecoins, tokenized deposits and the infrastructure that settles them.

Federal Deposit Insurance Corporation

Regulated clearing intermediaries for community banks (opens in a new tab)

Asks the FDIC to recognize regulated clearing intermediaries as a permissible stablecoin activity, give examination credit to banks that settle through one, and treat assets in transit as still in the bank's control, so community banks are not left building their own settlement rails.

· RIN 3064-AG19

Office of the Comptroller of the Currency

Interoperability standards for stablecoin clearing (opens in a new tab)

Asks the OCC to set chain-agnostic interoperability standards for stablecoin clearing, give banks examination credit for settling through a regulated intermediary, and accept privacy-preserving settlement where regulators can still reach the data they need.

· OCC-2025-0372

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