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Top US Bank Watchdog Warns of Stablecoins' 'Lack of Interoperability'

The OCC's acting chief argues the variation across tokens could create walled gardens.

OCC's acting chief, Michael Hsu, is wary of a lack of 'interoperability' in stablecoins as he considers oversight. (Al Drago/Bloomberg via Getty Images)
OCC's acting chief, Michael Hsu, is wary of a lack of 'interoperability' in stablecoins as he considers oversight. (Al Drago/Bloomberg via Getty Images)