Sec. 12. Interoperability standards
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The Board, in consultation with the Comptroller, State bank supervisors, the National Institute of Standards and Technology and other relevant standard setting organizations, shall assess and, if necessary, may, pursuant to section 553 of title 5, United States Code, and in a manner consistent with the utilization of consensus technical standards under section 12(d) of the National Technology Transfer and Advancement Act of 1995 ( 15 U.S.C. 272 note), prescribe standards for payment stablecoin issuers and payment stablecoin service providers to promote compatibility and interoperability among payment stablecoin systems and between payment stablecoin systems and other payment systems, including mandatory or minimum technical or legal specifications that enable participants in one payment system to clear and settle payments across payment systems without participating directly in multiple payment systems.
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Sec. 12
Interoperability standards
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