GENIUSActDebate
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📌 Critics say the GENIUS Act could mirror the 2000 'wildcat banking' era—unintended loopholes and corruption risk from stablecoin politicization.
🧠 Clarity or chaos? What if the cure is worse than the disease?
😂 Stablecoins in power suits—until they take off the mask.
🔗 Trade stable assets: $USDC
#GENIUSActDebate #StablecoinRisks
🧠 Clarity or chaos? What if the cure is worse than the disease?
😂 Stablecoins in power suits—until they take off the mask.
🔗 Trade stable assets: $USDC
#GENIUSActDebate #StablecoinRisks
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Stablecoin giant 'Circle' wants to have its own bank and applies for a national credit license
A few weeks after its massive initial public offering, #Circle announced on Monday, the issuer of the stablecoin $USDC , that it is seeking approval from the Office of the Comptroller of the Currency (OCC) to launch a national credit bank.
Circle is seeking to establish Fi,rst N,ational D,igital Curr,,ency Bank, N.A., which will be subject to oversight by the Office of the Comptroller of the Currency and will oversee the management of reserves backing $USDC
Circle is seeking to establish Fi,rst N,ational D,igital Curr,,ency Bank, N.A., which will be subject to oversight by the Office of the Comptroller of the Currency and will oversee the management of reserves backing $USDC
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