OCC Chief Urges Banks to View Stablecoins as Opportunity, Not Threat

As reported by CoinDesk writer Jesse Hamilton, OCC chief Jonathan Gould, speaking at the American Bankers Association Annual Convention on Monday, downplayed fears that stablecoins could trigger a sudden deposit crisis, urging community banks to see them as competitive tools rather than threats. While banks push Congress to tighten the GENIUS Act amid projections of trillions in potential deposit flight, Gould emphasized opportunities for smaller institutions to adopt blockchain-based payment solutions safely and fairly and break the dominance of the largest banks over the “payment systems of America”.

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