US Federal Regulator Says Banks Can Conduct Payments Using Stablecoins

So does this apply to a decentralized Ethereum stablecoin (DAI)? A centralized Ethereum stablecoin (USDC)? Or do they rule out Ethereum entirely and insist the blockchain itself must be centralized?

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This makes the business model of most clearinghouses obsolete, as the banks will be able to cut out the intermediary by using technology.