Stripe Reportedly Seeks Federal Charter to Issue Stablecoins
The payment processor is said to be pursuing regulatory approval to launch its own stablecoin under a U.S. federal charter.
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Terms & Concepts
- Stablecoin: A type of cryptocurrency pegged to the value of a stable asset, such as the U.S. dollar, often used to reduce volatility.
- Federal Charter: A legal authorization granted by the U.S. federal government allowing entities to operate under specific regulatory frameworks.
- Stripe: A global payments technology company that provides online payment processing for internet businesses.