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Block Seeks OCC Charter for Uninsured Bitcoin and Stablecoin Custody Bank

Block has applied to establish Builders Bank & Trust, N.A., which, if approved, would be an uninsured national trust bank under direct federal supervision, the company said on Sept. 8. The proposed bank would provide cus...

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Block Seeks OCC Charter for Uninsured Bitcoin and Stablecoin Custody Bank
Block has applied to establish Builders Bank & Trust, N.A., which, if approved, would be an uninsured national trust bank under direct federal supervision, the company said on Sept. 8. The proposed bank would provide custody and related fiduciary services, including for bitcoin and stablecoins,... Read the full story at The Defiant

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Bitcoin is showing up inside the Stablecoins theme, so this story is worth tracking for follow-through rather than treating it as a one-off headline.

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