Search results for Circle USDC
Crypto
BNY adds USDC minting and redemption to institutional custody platform
BNY has added Circle’s USDC minting and redemption functions to its digital asset custody platform for institutional clients. Clients can convert U.S. dollars into USDC through BNY and redeem USDC back into dollars. BNY said USDC is the first stablecoin supported on its platform and it plans to expand into other stablecoins and digital cash services. It also said it has $59.3 trillion in assets under custody and administration.
Crypto
Eight big U.S. banks press for easing Basel capital rules; focus on Treasury market liquidity and bitcoin impact
Major U.S. banks are seeking to ease capital rules introduced after the 2008 financial crisis, arguing the Basel framework being pursued could reduce U.S. Treasury market liquidity and weaken market functioning. Regulators are reviewing possible adjustments to balance financial stability and market efficiency. Banks say the new Basel capital rules could sharply raise trading-unit capital burdens. Markets are watching potential effects on lending capacity, liquidity and risk appetite, including possible spillovers to bitcoin and stablecoins.
Crypto
Ripple CEO says stablecoins will bring crypto \'ChatGPT moment\'
Ripple CEO Brad Garlinghouse (브래드 갈링하우스) says stablecoins will become crypto’s “ChatGPT moment” as companies look for faster and more efficient payments. He says Fortune 500 and other global firms are discussing stablecoin use with finance chiefs. Bloomberg Intelligence forecasts stablecoin transaction volume will rise 80 percent a year to $56.6 trillion by 2030. The market is led by Tether and Circle, while Ripple has launched RLUSD.
