Big banks may have found their answer to the CLARITY Act’s stablecoin challenge
The Clearing House, the bank-owned operator of core U.S. payment infrastructure, is preparing a system that lets banks settle deposits on-chain. Its June 5 announcement puts the largest U.S. banks behind a shared response to the stablecoin challenge: dollar payments can now move around the clock, across blockchain rails, with programmable settlement. Banks want those...
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