Rain Seeks US Trust Bank Charter Amid OCC Challenge
The proposed bank would custody digital assets and dollars for institutional clients and manage stablecoin reserves under OCC supervision.
7 Articles
7 Articles
Rain Signals Shift to U.S. Trust Charter Days After OCC Crypto Suit
Rain, a stablecoin payments infrastructure provider, has applied to establish a new national trust bank in New York—an effort that would place more stablecoin and digital-asset services under the oversight of the U.S. Office of the Comptroller of the Currency (OCC). The move adds to a broader push from crypto and payments firms seeking trust [...]
Stablecoin company Rain has applied to the OCC for a national trust bank license to issue stablecoins under the GENIUS Act. Meanwhile, community banks have filed a lawsuit against the OCC's crypto licensing framework.
Rain, a company that develops stablecoin payment infrastructure, announced on October 5th that it has applied to the U.S. Office of the Comptroller of the Currency (OCC) for the establishment of a national trust bank, "Rain National Trust Bank." The post Stablecoin payment provider Rain to establish national trust bank in the U.S. first appeared on NADA NEWS.
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