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usdgo
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Amazing news, has the GENIUS Act been passed?
The first crypto bank officially approved by the OCC, the Office of the Comptroller of the Currency, has launched the USDGO stablecoin.
The USDGO dollar stablecoin is being rolled out under the regulatory framework of the GENIUS Act.
The GENIUS Act is a federal framework for stablecoins passed by the U.S. Congress, and the OCC is drafting the implementation details.
Anchorage Digital Bank has submitted formal comments regarding this legislation, clearly stating that USDGO meets the standards of the GENIUS Act and will become a 'Licensed Payment Stablecoin Issuer (PPSI)' once the regulations go live.
Features of the USDGO stablecoin:
1. Reserve requirements:
1:1 backed by high-quality liquid assets (cash + short-term U.S. Treasury bonds), held in a bankruptcy-remote independent trust account, and subject to third-party audits.
2. This is true U.S. federal banking-level regulation (not state-level or unlicensed), consistent with the compliance standards for traditional banks issuing stablecoins.
So incredible, the first stablecoin under the GENIUS Act, USDGO, has already launched.
#usdgo
#usdt
$BTC
$USDT
The first crypto bank officially approved by the OCC, the Office of the Comptroller of the Currency, has launched the USDGO stablecoin.
The USDGO dollar stablecoin is being rolled out under the regulatory framework of the GENIUS Act.
The GENIUS Act is a federal framework for stablecoins passed by the U.S. Congress, and the OCC is drafting the implementation details.
Anchorage Digital Bank has submitted formal comments regarding this legislation, clearly stating that USDGO meets the standards of the GENIUS Act and will become a 'Licensed Payment Stablecoin Issuer (PPSI)' once the regulations go live.
Features of the USDGO stablecoin:
1. Reserve requirements:
1:1 backed by high-quality liquid assets (cash + short-term U.S. Treasury bonds), held in a bankruptcy-remote independent trust account, and subject to third-party audits.
2. This is true U.S. federal banking-level regulation (not state-level or unlicensed), consistent with the compliance standards for traditional banks issuing stablecoins.
So incredible, the first stablecoin under the GENIUS Act, USDGO, has already launched.
#usdgo
#usdt
$BTC
$USDT
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