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via Cointelegraph · By Cointelegraph Staff
Augustus Wins OCC Approval for AI and Stablecoin Bank Charter
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CS
Cointelegraph Staff(02:03 PM UTC)
1 min read
Peter Thiel-backed payments startup Augustus received conditional approval from the US Office of the Comptroller of the Currency (OCC) to establish a US national bank built around artificial intelligence and stablecoin-based payments.
The approval, announced Monday, would allow Augustus to expand its existing European banking operations into the US, as financial firms increasingly compete to…
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