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Tether invests $100 million in Anchorage Digital
Yahoo Finance· 2026-02-05 15:55
Tether has invested $100 million in crypto bank Anchorage Digital, according to a Thursday press release. The strategic equity investment builds upon an existing partnership where Anchorage serves as the issuer for USA₮, Tether’s compliance-focused stablecoin. Tether’s investment into the federally regulated bank aims to strengthen the custody and settlement layers required for institutional adoption. The #1 podcast for emerging tech stocks, Bitcoin, and weekly news analysis. Subscribe to the Blockspace ...
XRP Stalls Despite Ripple’s OCC Win – Here’s The Institutional Catch
Yahoo Finance· 2025-12-12 22:29
Core Insights - The Office of the Comptroller of the Currency (OCC) has conditionally approved national trust bank charters for five digital asset firms, including Ripple, Circle, and Fidelity Digital Assets, integrating them into the federal banking system [1] - This approval allows these firms direct access to the Federal Reserve's payment systems and limits state-level oversight [1] Regulatory Developments - The approvals represent the first expansion of federal crypto banking charters since Anchorage Digital's approval in 2021 [3] - The OCC's decision follows the enactment of the 'GENIUS Act', which established a federal framework for the $314 billion stablecoin market [4] - The OCC also released Interpretive Letter 1188, allowing national banks to trade crypto assets on a "riskless principal" basis [4] Market Reaction - Following the approvals, XRP showed no immediate volatility, indicating that traders had already priced in the approval after the GENIUS Act's passage [5] - Circle's CEO noted that the charter enhances the firm's ability to settle USDC directly via the Federal Reserve, avoiding commercial bank intermediaries [5] Institutional Impact - The national charters secured by Circle and Paxos mitigate "commercial bank counterparty risk," which previously caused the USDC depeg during the SVB collapse [6] - This development is expected to lead to 24/7 settlement finality via FedMaster accounts, widening the spread between onshore regulated stablecoins and offshore equivalents like USDT as institutions shift capital to Fed-integrated systems [6]
X @Johnny
Johnny· 2025-11-10 18:36
Crypto Banking & Market Analysis - The future of crypto banking is being discussed [1] - Analysis of Avici play levels is available [1] - Discussion around pricing ICOs at fair value and achieving product-market fit (PMF) before token launch [1] Tokenomics & Launch Strategy - The chart illustrates the scenario when an ICO is priced fairly [1] - Achieving early app PMF before token launch is highlighted [1]
Sony Shocks Wall Street: Tech Giant Seeks U.S. Bank License to Issue Its Own Stablecoin
Yahoo Finance· 2025-10-16 12:12
Core Insights - Sony's banking division, Sony Bank, has applied to establish a national crypto bank under its subsidiary "Connectia Trust," aiming to issue a U.S. dollar-backed stablecoin [1][2] - If approved, Sony would be the first major global technology company to receive a U.S. bank charter specifically for stablecoin issuance, joining other firms like Coinbase and Ripple in seeking OCC approval [2][4] - The move reflects the evolution of stablecoins into mainstream financial instruments, particularly following the passage of the GENIUS Act, which established a federal framework for stablecoin issuers [3] Company Plans - The application details plans to issue a U.S. dollar-pegged stablecoin, maintain reserve assets, and provide digital asset custody and management services [2][4] - Sony Bank intends to engage in permissible digital asset activities, including the issuance of stablecoins and maintenance of reserve assets, as well as non-fiduciary digital asset custody services [5] Regulatory Context - The OCC is the sole regulator that can issue a national bank charter, allowing firms to operate banking activities across all U.S. states under one license, which is crucial for crypto firms seeking legitimacy [6] - An OCC charter provides access to the Federal Reserve's payment systems and enhances credibility with institutional partners [6]
X @Circle
Circle· 2025-08-28 16:00
Crypto Banking & Digital Finance - AMINA Bank Global is bridging traditional and digital finance with crypto banking [1] - AMINA supports access to USDC and EURC, facilitating confident transactions across a global infrastructure for individuals and institutions [1]