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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.

Updated May 11, 2023, 6:34 p.m. Published Apr 8, 2022, 3:29 p.m.
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)