stablecoins

any experts in banking regulation on FC?

Are custodial wallets a gray area for MSB in US law? https://apidocs.bridge.xyz/docs/custodial-wallets

You can replicate 💯 of cash mgmt and spending functions of a bank now using stablecoins. Great for countless reasons

But does it make you a bank?

The Wyoming SPDI looks like an interesting approach

4 licenses issued since 2019, including Custodia and Kraken, but have been blocked from Federal Reserve services

If they only dealt in stablecoins, maybe the approach is viable

andyjagoe.com // denim.vc // tokenizing real-world assets / onchain venture funds @fairmint

The Wyoming SPDI looks like an interesting approach

4 licenses issued since 2019, including Custodia and Kraken, but have been blocked from Federal Reserve services

If they only dealt in stablecoins, maybe the approach is viable

https://grok.com/share/bGVnYWN5_88f2c8c5-e2aa-4e3c-bd57-ed3808a160c3