Stripe's stablecoin firm Bridge wins conditional approval from the US OCC to form a national trust bank, which would allow it to issue and manage stablecoins
What to know: … Bridge, a stablecoin infrastructure firm owned by Stripe, said Tuesday it has received conditional approval …
Stripe's stablecoin firm Bridge wins conditional approval from the US OCC to form a national trust bank, which would allow it to issue and manage stablecoins
What to know: … Bridge, a stablecoin infrastructure firm owned by Stripe, said Tuesday it has received conditional approval …
Stripe's stablecoin arm Bridge applies to the OCC for a US national trust bank charter, joining Circle, Paxos, Ripple, and Coinbase in seeking federal oversight
Vince Dioquino / Decrypt :
Tether launches the US-regulated USAT stablecoin and names Bo Hines, the former Executive Director of the White House Crypto Council, as CEO of its new US unit
from a misunderstood/opaque offshore stablecoin to a $169B market leader, now pioneering financial innovation in the U.S. Excited for the Tether America launch event. [image] @cowboycrypto313 : Cantor...
Paxos applies to create a US national trust bank, which would let it manage and hold assets on behalf of customers, following Circle's and Ripple's applications
Here's why that matters Paxos : Paxos to Pursue National Trust Charter with the Office of the Comptroller of the Currency Ronaldo Marquez / Bitcoin Insider : Paxos Applies To Establish National Trust ...
Ripple applies for a US national banking license, which would place its RLUSD stablecoin under the Office of the Comptroller of the Currency's regulatory remit
More accurately, most are seeking trust bank charters that have some of the *benefits* of being a bank but without all the *restrictions* that apply to traditional banks that take deposits and make lo...
The US OCC says banks can buy and sell customers' crypto assets on their behalf and can outsource crypto custody and trade execution services to third parties
- The OCC clarified that national banks are permitted to execute cryptocurrency buy and sell orders on behalf of their customers.
The US Federal Reserve withdraws guidance requiring banks to seek regulatory approval before engaging in crypto-related activities, joining the FDIC and OCC
Michael Saylor crypto.news : Federal Reserve withdraws restrictive crypto guidance for banks Troy Watson / ZyCrypto : Federal Reserve Reverses Debanking Policies, Banks May No Longer Need Approval to ...
Sources: hackers intercepted ~100 bank regulators' emails, 150K+ in total, for over a year at the US Treasury's OCC, which disclosed a breach on February 26
- Attackers lurked within OCC email accounts since 2023 — Chinese state hackers previously targeted Treasury files
Circle's S-1 shows that it is a fintech and that, as of December 31, 2024, ~85% of USDC reserves were in a BlackRock-managed money market fund only for Circle
Circle, slangy wealth management chatbots, private credit runs, SEC climate rules and OCC desk space.