Since our last monthly update, we announced support for Terra, reflected on what the OCC’s recent news means for US banks considering using blockchain technology, and announced support for Crypto.com’s Chain testnet and mainnet. Read on for more!
– Mark Forscher
On January 4, 2021, the U.S. Office of the Comptroller of the Currency (OCC) published an interpretive letter and guidance allowing for federally regulated banks to participate in public blockchain networks and use stablecoins to perform bank-permissible activities. This news, along with the announcement in July 2020 that banks and thrifts could serve as cryptocurrency custodians, could open the floodgates for technological innovation in the American banking sector.
Read more about what the OCC announcement means for institutions considering leveraging blockchain networks.
The Terra protocol is a delegated proof of stake network supported by a variety of fiat-pegged stablecoins, which are algorithmically stabilized by its native asset LUNA. Participate in Terra, earn rewards, and help to secure the global payment network by becoming a node operator. Those who stake LUNA on the Terra protocol now receive dual incentives for participating in the form of both LUNA and MIR, token of the Mirror protocol. Read more in our Terra guide.
Bison Trails’ infrastructure as a service will help validators run nodes easily and securely. Read more.
Anne explains the ethos of Customer Success at Bison Trails, learning by doing in the blockchain space, and the industry’s shift towards increased usability. Read the full interview with Anne.
“The best and most pragmatic way to gain mainstream adoption of crypto is widespread adoption in the existing financial system.”—Joe Lallouz, CEO
And don’t miss our 2020 Year in Review—a look back at the moments that defined Bison Trails over the past twelve months.
Bison Trails is a blockchain infrastructure platform-as-a-service (PaaS) company based in New York City. We built a platform for anyone who wants to participate in 25 new chains effortlessly.
We also make it easy for anyone building Web 3.0 applications to connect to blockchain data from 33 protocols with Query & Transact (QT). Our goal is for the entire blockchain ecosystem to flourish by providing robust infrastructure for the pioneers of tomorrow.
In January, 2021, we announced Bison Trails joined Coinbase to accelerate our mission to provide easy-to-use blockchain infrastructure, now as a standalone product line. The Bison Trails platform will continue to support our customers. With Coinbase’s backing, we will enhance our infrastructure platform and make it even easier to participate in decentralized networks and build applications that connect to blockchain data.
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