The New Jersey Crypto News
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Dogecoin
    • All Alt Coin
  • Learn
    • Learn

      How to Trade Futures Contracts on Changelly PRO

      11/14/2021

      Learn

      EtherLite (ETL) Cryptocurrency Price Prediction

      11/12/2021

      Learn

      How to Trade Bitcoin Futures

      11/12/2021

      Learn

      How to Start Trading Cryptocurrency

      10/21/2021

      Learn

      How to Create Your Own Cryptocurrency

      10/13/2021

  • Analysis
    • Analysis

      Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

      12/29/2021

      Analysis

      Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

      12/29/2021

      Analysis

      Ethereum Recovery Could Soon Fade If ETH Fails To Surpass $4k

      12/28/2021

      Analysis

      Charles Hoskinson Shares Cardano Plans for 2022

      12/28/2021

      Analysis

      Bitcoin Prints Bullish Pattern, Why BTC Could Surge To $50K

      12/27/2021

  • Blockchain
    • Blockchain

      Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

      12/29/2021

      Blockchain

      Italian Sports Car Maker Ferrari Inks Multi-Year Deal With Blockchain Firm Velas Network AG…

      12/29/2021

      Blockchain

      ProShares Files for New Metaverse ETF With U.S. SEC

      12/28/2021

      Blockchain

      Ozzy Osbourne Reveals Cryptobatz NFT Project Paying Tribute to His Iconic Bat Bite –…

      12/28/2021

      Blockchain

      Binance Trading Platform Licenses in Bahrain, Canada

      12/28/2021

  • Market Cap
All Alt Coin

USDC Builder Circle Discloses Its Plan to Become National Crypto Bank

by Miki 08/10/2021
by Miki 08/10/2021 0 comment

In an announcement made by Circle on Monday, the organization reveals that it is planning to expand its work scale by evolving into a full reserve national commercial bank.

In a recent change of events, Circle which is a digital currency platform hosting stablecoins now intends to evolve and work as a full reserve national commercial bank, by amplifying its work scale and steering its operations to undergo a major banking transformation.

The change, once administered, will allow the firm to have direct access to the US federal reserve system which will assist the bank in handling future crypto transactions in a systematic and timely procedure.

Circle Announces Its Intention to Become a Full Reserve National Commercial Bank

If the proposal disclosed by Circle gets the necessary authorization, the organization will then be working under the supervision of the Federal Reserve, US Treasury, Office of the Comptroller of the currency, and Federal Deposit Insurance Corporation.

In a blog post published by Circle, the company had announced that they now intend to journey alongside the efforts of US financial regulators who are working in sync with the President’s Working Group on financial markets to successfully conduct and manage various risk and opportunity factors posed by large scale private sector dollar digital currencies. At present, the firm manages the second-largest stable coin after Tether’s USDT.

If Circle successfully manages to undergo such a massive change, it will then have access to perform tasks and work beyond the category of OCC banking charter which was till now limited to firms like Anchorage and related crypto native enterprises.

The firm has issued an S4 form on Friday stating their plans to pursue the strategy to work as a full-time reserve national bank to decrease their dependence on third parties associations.

Circle had previously declared its intent to go public later this year with a special acquisition company called SPAC and is now seeking to become a crypto national bank to reduce cost and time for settling growing crypto transactions. The company is one of the leading digital currency platforms that allow businesses to access the power of stablecoins to conduct payments and perform commercial transactions in a simplified manner.

next Altcoin News, Blockchain News, Cryptocurrency news, News

Thank you!

You have successfully joined our subscriber list.

Source link

Views: 3
BankBuilderCircleCryptoDisclosesNationalPlanUSDC
Share
0
FacebookTwitterPinterestEmail
previous post
Ethereum (ETH) breaks above $3,000 as Bitcoin (BTC) breaks above $44,000
next post
CoinDCX Becomes India’s First Crypto Unicorn after Receiving $90M Financing Led by the Founder of Facebook

Related Posts

Are Solana’s bulls really strong enough to halt...

12/29/2021

IXFI Announces Launch of New-Age Exchange Platform

12/29/2021

Litecoin repeating history will have this effect on...

12/28/2021

More than just a game – what GameFi...

12/28/2021

Even as network hits one million users, FTT...

12/28/2021

Fintech Expert Makes Six Bold Predictions for Crypto...

12/28/2021

A recovery rally in play for Sushiswap, as...

12/28/2021

SEC Accused of Deliberately Trying to ‘Kill’ XRP...

12/28/2021

Recent gains may finally boost Aave’s dominance in...

12/28/2021

Santa Floki Price Rallies 5,000% after Elon Musk’s...

12/28/2021

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

For security, use of Google's reCAPTCHA service is required which is subject to the Google Privacy Policy and Terms of Use.

I agree to these terms.

Recent Posts

  • Are Solana’s bulls really strong enough to halt further decline

    12/29/2021
  • Elon Musk thinks this individual could be the potential Bitcoin (BTC) creator Satoshi

    12/29/2021
  • Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

    12/29/2021
  • Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

    12/29/2021
  • Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

    12/29/2021

Categories

  • All Alt Coin (2,280)
  • Analysis (312)
  • Bitcoin (1,302)
  • Blockchain (1,068)
  • Dogecoin (700)
  • Ethereum (304)
  • Learn (139)
  • Ripple (149)

About Us

About Us

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, blockchain, Market, and more.

Featured Posts

  • Dolce & Gabbana Launches First NFT Collection “Collezione Genesi”

  • Bitcoin Holdings in Public Company Treasuries Exceed 200,000 BTC

  • Ethereum EIP-3675 For ETH 2.0 Upgrade Launches On GitHub

Recent Posts

  • Are Solana’s bulls really strong enough to halt further decline

  • Elon Musk thinks this individual could be the potential Bitcoin (BTC) creator Satoshi

  • Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

Categories

  • All Alt Coin (2,280)
  • Analysis (312)
  • Bitcoin (1,302)
  • Blockchain (1,068)
  • Dogecoin (700)
  • Ethereum (304)
  • Learn (139)
  • Ripple (149)
  • Facebook
  • Instagram
  • Linkedin
  • Contact
  • Privacy Policy
  • Terms & Conditions

@2021 -thecryptonewsweb.com - All Right Reserved.

The New Jersey Crypto News
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Dogecoin
    • All Alt Coin
  • Learn
    • Learn

      How to Trade Futures Contracts on Changelly PRO

      11/14/2021

      Learn

      EtherLite (ETL) Cryptocurrency Price Prediction

      11/12/2021

      Learn

      How to Trade Bitcoin Futures

      11/12/2021

      Learn

      How to Start Trading Cryptocurrency

      10/21/2021

      Learn

      How to Create Your Own Cryptocurrency

      10/13/2021

  • Analysis
    • Analysis

      Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

      12/29/2021

      Analysis

      Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

      12/29/2021

      Analysis

      Ethereum Recovery Could Soon Fade If ETH Fails To Surpass $4k

      12/28/2021

      Analysis

      Charles Hoskinson Shares Cardano Plans for 2022

      12/28/2021

      Analysis

      Bitcoin Prints Bullish Pattern, Why BTC Could Surge To $50K

      12/27/2021

  • Blockchain
    • Blockchain

      Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

      12/29/2021

      Blockchain

      Italian Sports Car Maker Ferrari Inks Multi-Year Deal With Blockchain Firm Velas Network AG…

      12/29/2021

      Blockchain

      ProShares Files for New Metaverse ETF With U.S. SEC

      12/28/2021

      Blockchain

      Ozzy Osbourne Reveals Cryptobatz NFT Project Paying Tribute to His Iconic Bat Bite –…

      12/28/2021

      Blockchain

      Binance Trading Platform Licenses in Bahrain, Canada

      12/28/2021

  • Market Cap
  • RelevantRelevant(REL)$0.825.35%
  • Heart NumberHeart Number(HTN)$0.000553-30.47%
  • TadpoleTadpole(TAD)$7.32-1.76%
  • SEENSEEN(SEEN)$2.05-2.27%
  • EvedoEvedo(EVED)$0.082301-0.80%
  • MarginswapMarginswap(MFI)$0.184214-2.17%
  • SakeTokenSakeToken(SAKE)$0.0127234.37%
  • WTF TokenWTF Token(WTF)$0.0113500.16%
  • BNSD FinanceBNSD Finance(BNSD)$0.005460-5.83%
  • RobotinaRobotina(ROX)$0.00266138.50%
  • CageCage(C4G3)$0.005010-3.67%
  • YAM v2YAM v2(YAMV2)$4.70-1.41%
  • PolkaBridgePolkaBridge(PBR)$0.439876-7.02%
  • DSLA ProtocolDSLA Protocol(DSLA)$0.003681-6.85%
  • lympoLympo(LYM)$0.004392-4.43%
  • Falcon ProjectFalcon Project(FNT)$0.000366-2.23%
  • DYORDYOR(DYOR)$0.00002020.53%
  • TICOEX TokenTICOEX Token(TICO)$0.0013640.52%
  • MMS Cash TokenMMS Cash Token(MCASH)$1.000.00%
  • bitcoinBitcoin(BTC)$29,953.00-2.66%
  • ethereumEthereum(ETH)$2,036.15-2.90%
  • tetherTether(USDT)$1.00-0.07%
  • usd-coinUSD Coin(USDC)$1.00-0.11%
  • binancecoinBNB(BNB)$300.00-1.21%
  • rippleXRP(XRP)$0.429319-3.11%
  • cardanoCardano(ADA)$0.56-4.44%
  • SolanaSolana(SOL)$54.45-3.52%
  • Binance USDBinance USD(BUSD)$1.00-0.04%
  • polkadotPolkadot(DOT)$10.82-4.48%
  • dogecoinDogecoin(DOGE)$0.089061-2.06%
  • AvalancheAvalanche(AVAX)$33.44-3.96%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$29,986.00-2.63%
  • Lido Staked EtherLido Staked Ether(STETH)$2,000.40-2.95%
  • tronTRON(TRX)$0.069560-2.32%
  • Shiba InuShiba Inu(SHIB)$0.000012-2.41%
  • VectoriumVectorium(VECT)$425.81-3.49%
  • daiDai(DAI)$1.000.14%
  • Power CashPower Cash(PRCH)$0.017570881.24%
  • AlexAlex(ALEX)$0.068435-0.04%
  • CronosCronos(CRO)$0.195844-1.15%
  • litecoinLitecoin(LTC)$68.88-0.86%
  • LADZLADZ(LADZ)$0.0686894.36%
  • matic-networkPolygon(MATIC)$0.69-4.27%
  • NEAR ProtocolNEAR Protocol(NEAR)$6.73-4.63%
  • leo-tokenLEO Token(LEO)$4.90-2.77%
  • FTX TokenFTX Token(FTT)$31.82-0.46%
  • HederaHedera(HBAR)$0.389473-3.44%
  • bitcoin-cashBitcoin Cash(BCH)$201.92-3.63%
  • RareRare(RARE)$0.0461220.00%
  • chainlinkChainlink(LINK)$7.56-1.47%