primary Federal payment stablecoin regulator
Defined in 1 place of the United States Code.
The term “primary Federal payment stablecoin regulator” means—
(A) with respect to a subsidiary of an insured depository institution (other than an insured credit union), the appropriate Federal banking agency of such insured depository institution;
(B) with respect to an insured credit union or a subsidiary of an insured credit union, the National Credit Union Administration;
(C) with respect to a State chartered depository institution not specified under subparagraph (A), the Corporation, the Comptroller, or the Board; and
(D) with respect to a Federal qualified payment stablecoin issuer, the Comptroller.
Source
- 2026–present12 U.S.C. § 5901Banks and Banking · Definitions · in this chapter