Regulation

Circle can now open a US trust bank but cannot take ordinary deposits or make loans

CryptoSlate4h agoUpdated 3h ago
Circle can now open a US trust bank but cannot take ordinary deposits or make loans
Smart Read

Circle National Trust starts with custody for Circle and affiliates, while outside institutional custody and USDC reserve management remain future possibilities. The post Circle can now open a US trust bank but cannot take ordinary deposits or make loans appeared first on CryptoSlate....

Related stories

Bitcoin price gains nearly 10% in July, but traders still see BTC copying 2022 bear market
CoinTelegraph4h ago60-word brief

Bitcoin price gains nearly 10% in July, but traders still see BTC copying 2022 bear market

Bitcoin price gains approached 10% for the first two weeks of the month, but analysis warned of the bear market returning from August onward....

Dollar stablecoins could improve FX access but amplify currency runs: IMF paper
CoinTelegraph6h ago60-word brief

Dollar stablecoins could improve FX access but amplify currency runs: IMF paper

An IMF paper warns dollar stablecoins offer better foreign-currency access in countries with restricted exchanges but risk amplifying currency runs during crises. The analysis shows stablecoins' transparent pricing signals coordinated local-currency exits during exchange-rate stress. Argentina and Bolivia already use USDT as parallel FX benchmarks, highlighting adoption despite regulatory concerns about currency substitution and capital-flow circumvention.

DOJ moves to dismiss charges against alleged $722M BitClub fraudster: Report
CoinTelegraph14h ago60-word brief

DOJ moves to dismiss charges against alleged $722M BitClub fraudster: Report

Matthew Goettsche was set to face trial in October for conspiracy to commit wire fraud and selling unregistered securities....

KryptoKite aggregates and summarises third-party crypto news. This is informational content, not investment advice. KryptoKite does not recommend buying or selling any asset.