permitted payment stablecoin issuer
Defined in 1 dictionary — U.S. Code
United States Code
12 U.S.C. § 5901 — in this chapter
The term “permitted payment stablecoin issuer” means a person formed in the United States that is—
(A) a subsidiary of an insured depository institution that has been approved to issue payment stablecoins under section 5904 of this title;
(B) a Federal qualified payment stablecoin issuer; or
(C) a State qualified payment stablecoin issuer.