1/ The @USOCC issued an official statement permitting U.S. banks to use public blockchains and stablecoins for settlement infrastructure. This regulatory clarity opens the doors for great innovation, so long as the tech can keep pushing the boundaries. A thread.

2/ Banks are like the parking lot, stablecoins are the vehicles, and Avalanche is the highway.

3/ Public blockchains are abundant, and many are gaining traction amongst those who buy into their ethos. This is how crypto “tribes” are formed.

4/ This growth is good, but not great. We can do better. Public blockchains must appeal to legacy financial institutions to not only accelerate meaningful adoption, but sustain it.

5/ Why haven’t public blockchains been great for institutions so far? It’s simple.

1. Performance: slow, congested, inflexible
2. Data privacy: blockchains are broadcast publicly, exposing a lot of sensitive information.

6/ The solution? You need a highly performant blockchain (the highway) that’s capable of interacting with public infrastructure, to enable efficiencies with external parties, while giving institutions and banks control over how their information is handled and kept private.

7/ The banks (the parking lot) will benefit from seamless connectivity with other banks. Efficient, open platforms create better efficiencies within interbank capital flows. Merchants need not pay 2% to existing credit rails, and consumers can forgo wire transfer fees.

8/ On @AvalancheAVAX, you can do this today with subnets. With a customized subnet, institutions can create private blockchain networks, while leveraging the speed and security of Avalanche consensus. 4,500 transactions per second and sub-second transaction settlement.

9/ Blockchains like Avalanche will further the capabilities of solutions built on top of them. To date, Avalanche has integrated the likes of @TrustToken and @Securitize, with more to come. These solutions strive for truly frictionless value transfer (faster vehicles).

10/ Appeal to both traditional and decentralized worlds, and you'll have blockchain systems that will exponentially get stronger as adoption grows. This is what's ground-breaking with decentralized technologies. You can read the full OCC Letter here: https://www.scribd.com/document/489786891/OCC-Letter-on-Banks-Using-Stablecoins-Acting-as-Blockchain-Nodes