Wall Street Steps Into Stellar: U.S. Bancorp Partnership Sparks Fresh Momentu...
U.S. Bancorp’s entry into the stablecoin arena has injected fresh excitement into the Stellar ecosystem, marking a significant shift as major financial institutions begin leveraging public blockchains for real-world money movement. Related Reading: Hoskinson Claims Cardano Revival Starts Now: Here’s What’s Coming The fifth-largest U.S. bank is piloting a dollar-backed stablecoin on Stellar, an initiative […]
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US Bancorp is relaunching its Bitcoin (BTC) custody services for institutional investment managers following recent regulatory developments in the US. Related Reading: Insufficient Stablecoin Supervision? Nobel Economics Laureate Warns Of Potential Financial Crisis US Bancorp Resumes Bitcoin Custody For Fund Managers On Wednesday, US Bancorp announced that it has relaunched its offering of crypto custody […]
Remember Jed McCaleb's Secret Bitcoin Project we wrote about in early February? We're finally getting some more information about it via a Wall Street Journal report. Before we get in to it, you should probably know who Jed McCaleb is by now. If not, he's the original founder of Mt. Gox (which he subsequently sold to Mark Karpeles in 2011) and Ripple. McCaleb's project - which isn't quite so secret anymore - is called Stellar, located at Stellar.org. Stellar is more of a protocol than anything else, allowing consumers to easily send money in different currencies. Description from the....
Circle Internet Financial has revealed a usd coin custody partnership with the American bank holding company New York Community Bancorp (NYCB). Under the agreement, NYCB’s subsidiary, New York Community Bank, will become a custodian for the company’s stablecoin reserves. Circle Partners With New York Community Bancorp On Tuesday, Circle announced that it is collaborating with NYCB, the parent company of the U.S. Bank National Association. According to the announcement, NYCB’s subsidiary, New York Community Bank, will custody reserves for Circle’s popular....
Stellar, the long-secret digital currency project helmed by industry entrepreneur Jed McCaleb, has officially launched. McCaleb is the original founder of defunct Japanese bitcoin exchange Mt. Gox and a co-founder of digital currency-focused payment network Ripple Labs. The new platform is a decentralized gateway for digital currency to fiat currency transfers, The Wall Street Journal reports. Like Ripple and bitcoin, Stellar will act as a public transaction authenticator and feature its own in-house digital currency called 'stellar'. McCaleb's announcement follows months of rumors about....
Wall Street veteran Jordi Visser told reporters that US traditional finance firms are likely to raise their Bitcoin allocations before the end of the year. Related Reading: UAE Steps Up Global War On Crypto Crime – Details He expects demand to pick up in Q4 as portfolio managers set positions ahead of 2025. Some managers […]