CFTC Quietly Expands Who Can Issue Stablecoins

[chainsniff]

The CFTC just widened the gate for US stablecoin issuers.
By reissuing Staff Letter 25-40, the regulator clarified that national trust banks are now explicitly eligible to issue payment stablecoins.

These institutions operate nationwide but typically focus on custody and asset management rather than retail banking. The CFTC said their exclusion was never intentional, signaling a regulatory cleanup rather than a policy reversal—but the implication is big: more federally recognized entities can now legally issue dollar-pegged tokens.

[lingriiddd]

this is the us drawing a box and saying you can innovate inside here only