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      tldr; The Office of the Comptroller of the Currency (OCC) has granted conditional approval for national banking charters to five stablecoin issuers: Circle, Ripple, Paxos, Fidelity, and BitGo. These companies are responsible for issuing stablecoins like USDC, RLUSD, USDS, and PYUSD. Fidelity is preparing to launch its stablecoin. The OCC highlighted the benefits of new entrants in the banking sector, while Anchorage Digital Bank, the first crypto firm to receive a charter in 2021, welcomed the move as a validation of federal banking regulation’s role in strengthening the digital asset ecosystem.

      *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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