⚠️ #USDC #BANKING — **TRUST WAVE!**
Stablecoin issuer Circle takes a major leap toward regulated custody and institutional trust services. 🏦🔐
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🏦 1. Circle Applies for U.S. Trust Bank License
Circle, the issuer behind USDC, filed for a national trust bank charter with the OCC. The proposed First National Digital Currency Bank, N.A. would manage USDC reserves (currently with BNY Mellon/BlackRock), offer custody services, but cannot take deposits or issue loans. CEO Jeremy Allaire says this aligns with Circle’s transparency and compliance goals amid incoming U.S. stablecoin regulation under the GENIUS Act .
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🏡 2. Crypto-Backed Mortgages: Opportunities & Risks
FHFA continues its push to include crypto in mortgage underwriting. Private lenders already allow it, but concerns around volatility and cybersecurity persist. Experts warn it could benefit holders but also threaten taxpayers if defaults rise .
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💹 3. Robinhood Launches Major Crypto Push
Robinhood launches new crypto features: U.S. staking for $ETH & $SOL
, tokenized equities in Europe, its own blockchain, and bitcoin/ether perpetual futures with leverage—marking a bold expansion into digital assets .
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📉 4. $BTC Technical Outlook: Eyes on $114K
Bitcoin trades around $107,800. A breakout above $114K could trigger a 25% rally to ~$143K, driven by ETF flows, Fed rate optimism, and pro-crypto policies under Trump.#StrategyBTCPurchase #USCorePCEMay