Key Highlights: Payments infrastructure company Rain has submitted an application to the Office of the Comptroller of the Currency (OCC) to establish Rain National Trust Bank. If granted approval, the proposed entity will offer fiduciary custody for digital assets and U.S. dollars, manage reserves for permitted stablecoin issuers, and issue USD-backed stablecoins without functioning as ...
Key Highlights The stablecoin market has entered a pivotal transitional phase as institutional infrastructure undergoes substantial upgrades. Digital asset custody platform Fireblocks is expanding its underlying architecture to bridge traditional banking systems with digital assets. Market participants are closely tracking forthcoming bank pilot programs, institutional adoption, and regulatory developments to gauge future liquidity trends. Fireblocks ...
Key Highlights Stablecoin Development Corporation (SDEV) closed at $1.57 after a sharp intraday reversal, despite gaining 5.37% from the previous close. The daily chart is overbought, with a 14-day RSI of 73.22 and the stock closing above its upper Bollinger Band. Short-term trend signals remain constructive, but fading momentum and a 200-day EMA of $4.19 ...
Velocity Raises $10M Series A Extension, Valuation Reaches $200M London-based stablecoin infrastructure provider Velocity has secured an additional $10 million in Series A funding, bringing the total round to $48 million and valuing the company at $200 million post-money. The extension, announced on September 15, includes participation from Visa Ventures, Circle Ventures, Ripple, Haun Ventures, ...
Aptos Adds Support for Circle’s CCTP V2 to Enable Faster Cross-Chain USDC Transfers Aptos has announced support for Circle’s Cross-Chain Transfer Protocol (CCTP) V2, enabling…