Jeremy Allaire, co-founder and CEO of Circle, stated “the new interpretive letter establishes that banks can treat public chains as infrastructure similar to SWIFT, ACH, and FedWire, and stablecoins … as electronic stored value.”

Jeremy Allaire, co-founder and CEO of Circle, stated “the new interpretive letter establishes that banks can treat public chains as infrastructure similar to SWIFT, ACH, and FedWire, and stablecoins … as electronic stored value.”

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