Headlines That Crypto Investors Might Have Missed
2025-07-06 15:32:55
Main Idea
Circle and Ripple are making moves to enter the banking sector, with Circle proposing to operate as First National Digital Currency Bank and Ripple applying for a national banking license, while Visa is expanding its efforts in tokenized payments.
Key Points
1. Circle is proposing to operate under the name First National Digital Currency Bank, N.A., pending OCC approval, to manage USDC reserve assets and offer digital asset custody services.
2. Ripple, which recently issued the RLUSD stablecoin, is applying for a national banking license to comply with OCC requirements, despite being currently regulated by NYDFS.
3. Visa is allowing banks to deploy tokens and is actively embracing stablecoins and other tokenized payment solutions, building on partnerships with companies like Coinbase and Stripe.
Description
Crypto adoption continues to accelerate, even if some headlines are happening under the radar
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