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permitted payment stablecoin issuer

Defined in 1 place of the United States Code.

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.

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