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foreign payment stablecoin issuer

Defined in 1 place of the United States Code.

The term “foreign payment stablecoin issuer” means an issuer of a payment stablecoin that is—

(A) organized under the laws of or domiciled in a foreign country, a territory of the United States, Puerto Rico, Guam, American Samoa, or the Virgin Islands; and

(B) not a permitted payment stablecoin issuer.

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