Canada Approves Budget That Advances Policy for Stablecoins

Banks may have to pay network fees as part of doing business and hold crypto on balance sheets to pay those fees, the bureau said in its Interpretive Letter 1186 on Tuesday. The OCC referred to Ethereum as an example, saying that the Ethereum network requires transactions to be denominated in ETH.

[Saudi Crown Prince Plans to Increase Investment in the U.S. to $1 Trillion] The Saudi Crown Prince announced plans to increase investment in the United States to $1 trillion. U.S. President Trump previously stated that Saudi Arabia had agreed to invest $600 billion in the U.S. and mentioned that this figure could potentially rise further.

OKX-BTC/USDT is currently trading at $92989.10, with a 5-minute decline of 0.04%. Please be aware of market fluctuations.

Block’s Square business is showing early signs of recovery as new lending models and wider distribution help close the gap between payment volume and profit.Cash App’s expanding crypto capabilities, including Lightning and stablecoin payments, further link its consumer and merchant ecosystems.

The Canadian government narrowly won favor in Parliament for its budget push that includes a new policy governing stablecoins.