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Augustus CEO Says Banks Can’t Be Rebuilt for AI as OCC Backs Stablecoin Bank

Posted on May 15, 2026
By Cointelegraph
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1 min read

Augustus CEO Says Banks Can’t Be Rebuilt for AI as OCC Backs Stablecoin Bank

Augustus Bank has received conditional OCC approval as CEO Ferdinand Dabitz argues legacy clearing banks cannot be re-platformed for AI and programmable money.