Community Articles
via Cointelegraph · By Cointelegraph Staff
Augustus Wins OCC Approval for AI and Stablecoin Bank Charter
XRP
XRP/USDT
$1.412
-0.75%
$1.412
-0.75%
(24s)24h Volume
$1,219,718,453.06
24h H/L
$1.4327 / $1.398
Change: $0.0347 (2.48%)
Long/Short
74.2%
Long: 74.2%Short: 25.9%
Funding Rate
+0.0037%
Longs pay
Data provided by COINOTAG DATALive data
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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