Japanese investment bank Mizuho reiterated its neutral rating on Circle, saying OCC approval for a national trust bank doesn't address slowing USDC growth or rising competition.
The approval adds to a growing list of crypto firms seeking federal banking licenses as the industry moves into the regulated financial system.
HSBC, UBS, Wells Fargo and Citi are among the 17 banks now preparing to pilot live transactions using tokenized digital assets on Swift’s new blockchain payments platform.
The New York-based subsidiary, fully owned by Sony Bank, will be capitalized with $40 million to support its upcoming stablecoin business operations.
Services will integrate into "Sberbank Online" and "SberInvestments" once the "On Digital Currency and Digital Rights" bill takes effect in September.
Financial institutions are racing to become the secure gateways for stablecoins as digital asset volume is projected to explode by 2030.
EURXT debuted with 20 million tokens in circulation, backed 1:1 by euro reserves at Caceis Bank, and competes with Circle's EURC and SocGen's EURCV.
Congress just blocked the Federal Reserve from issuing a CBDC, and the companies benefiting most are private stablecoin issuers like Circle and Tether. The 21st Century ROAD to Housing Act passed the Senate 85-5 on June 22 and cleared the House 358-32 the next day, and folded inside that housing package is a four-year ban […]
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All 32 of America's largest banks made it through the Federal Reserve's annual stress test on June 24. This year's scenario was unusually brutal: the Fed asked them to imagine unemployment climbing to 10%, commercial real estate prices falling 39%, home prices dropping 30%, and roughly $708 billion in losses landing across the group all […]
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Circle and Nomura are reportedly partnering to enable stablecoin-based foreign exchange settlement for Japanese companies as the country's regulated blockchain-based financial infrastructure expands.
A new pilot from Stablecore, Circuit and Curql gives participating US credit unions access to test stablecoin payments and other digital asset services.
Banks across Europe and South Korea will study whether regulated euro and won stablecoins can enable real-time cross-border foreign exchange settlement.
The alliance, called Project Pangea, plans to use stablecoins to settle multimillion-dollar currency trades between Europe and South Korea in near real time.
CoinMENA will use Standard Chartered to strengthen fiat payment rails in the UAE, while Revolut reportedly secured central bank licenses ahead of a planned local launch.
Stand With Crypto UK is telling its members to file formal complaints with high-street banks over sector-wide transfer bans.
The American Bankers Association, which lobbies against the crypto sector over the Clarity Act's stablecoin section, unveiled its new polling.
Jenny Johnson, Franklin Templeton's CEO, said blockchain and crypto threaten a huge number of business models that exist today in traditional finance.
By establishing a national charter under the executive branch, United Texas Bank said it intends to enable AI-driven payment rails to intercept global digital dollar volumes.
A local banker told CoinDesk that in light of Wall Street’s aggressive push into the crypto industry, Minnesota's financial institutions could not afford to remain on the sidelines.
The Senate Banking Committee's top Democrat sent a letter to the Office of the Comptroller of the Currency questioning the charters of nine crypto firms.
The bank's offer to acquire the slice of Zodia Custody it doesn't already own has been accepted by the firm's other shareholders and noteholders.
Quantum computing does not only pose a risk to up to $3 trillion in digital assets, it also threatens the security of banking systems, military communications, digital identities and more, Project Eleven’s report warns.
One point three billion adults lack financial services, 4.7 billion lack credit, and 1.4 billion savers in low-income nations earn no deposit interest, Binance said.
The Bank for International Settlements (BIS) released a report warning stablecoin yields and other DeFi “earn” products are bank-like services without the safeguards or insurance.
U.S. banking groups argued that a number of federal agencies are moving quickly on stablecoin regulations, making it hard to understand how rules will interact.
The crypto-friendly fintech is planning its initial public offering (IPO) no sooner than 2028, according to an FT report.
The Qivalis consortium is made up of: Banca Sella, BBVA, BNP Paribas, CaixaBank, Danske Bank, DekaBank, DZ BANK, ING, KBC, Raiffeisen Bank International, SEB, and UniCredit.
A new study from the American Bankers Association says the White House economists went after the wrong premise in their recent look at the issue.
The U.K.- and EU-regulated credit institution gains crypto-asset service provider status and said it will connect clients to regulated stablecoin rails over Circle Mint
Most U.S. lenders remain in a wait-and-see mode as deposit risks, regulatory shifts and new competition complicate strategy, according to the report.