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Federal qualified payment stablecoin issuer

Defined in 1 place of the United States Code.

The term “Federal qualified payment stablecoin issuer” means—

(A) a nonbank entity, other than a State qualified payment stablecoin issuer, approved by the Comptroller, pursuant to section 5904 of this title, to issue payment stablecoins;

(B) an uninsured national bank—

(i) that is chartered by the Comptroller, pursuant to title LXII of the Revised Statutes; and

(ii) that is approved by the Comptroller, pursuant to section 5904 of this title, to issue payment stablecoins; and

(C) a Federal branch that is approved by the Comptroller, pursuant to section 5904 of this title, to issue payment stablecoins.

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