Circle’s exposure to US banks could top $9B
Circle’s reserves are held in a number of banks in the United States, including Silvergate, Silicon Valley Bank and Bank of New York Mellon.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Circle’s reserves are held in a number of banks in the United States, including Silvergate, Silicon Valley Bank and Bank of New York Mellon.
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CointelegraphRelated market context
German Savings Banks Begin Crypto Trading Rollout Inside Sparkassen App
Germany’s Sparkassen savings-bank group is beginning a phased cryptocurrency-trading rollout inside its existing banking app, taki...
Banks Hold a Lever Over Stablecoin Adoption, BIS Economists Say
A Bank for International Settlements working paper found that stablecoin growth slows when U.S. banks raise deposit rates, with Ci...
European Banking Authority Puts USDC Under Significant-Token Supervision
The European Banking Authority has designated USDC as the EU’s first significant e-money token under MiCA, setting up an additiona...
JPMorgan’s Ethereum move could open tokenization to smaller banks, Brickken CEO says
JPMorgan's Ethereum integration may democratize tokenization, enabling smaller banks to enhance liquidity and financial service ac...
Nine companies, including Broadcom and UnitedHealth, block tokenized stock trading on OKXICE
The objections highlight potential challenges in tokenized stock adoption, impacting market dynamics and issuer control over digit...
Deutsche Bank Nears Bitcoin Custody Launch As Crypto Push Expands Beyond Europe
TL;DR: Deutsche Bank is preparing to introduce institutional digital asset custody services, initially targeting professional clie...