circle

This is a historic moment. CIRCLE has transformed from a technology company into an American financial infrastructure! The safety of holding USDC is equivalent to holding U.S. dollars. Institutions, pension funds, and interbank transactions all equate USDC to U.S. dollars. This is the first stablecoin bank in human history!!!
Here is a view I shared in the research group a few days ago. Earlier, there was a payment company that started from the overseas study group, Revolut, which after reaching a certain stage in its business development, obtained a banking license. Now Circle is in a similar position! Congratulations to Circle!
The Office of the Comptroller of the Currency (OCC): The OCC is the primary regulator of the U.S. 'federal banking system,' specifically monitoring 'nationally chartered banks.' But please note, the OCC does not oversee all banks; it only regulates 'nationally chartered banks,' usually indicated by names containing 'National / N.A.' These are licensed by the federal government and can operate across state lines nationwide! For example, some well-known names include JPMorgan Chase Bank, N.A.; Citibank, N.A.; Bank of America, N.A.; Wells Fargo Bank, N.A.; Goldman Sachs Bank USA, etc. Most of the core banking entities among the top ten commercial banks in the U.S. fall under the OCC.

JPMorgan Chase strengthens its presence in on-chain finance. The bank has launched a tokenized money market fund based on Ethereum and financed its start with its own funds amounting to $100 million.
The new product is called MONY. It is being developed by the fund's division that manages assets of approximately $4 trillion. Information about the launch first appeared in The Wall Street Journal.

of Interop Labs but it is not buying the AXL token or the Axelar Network. The news made the Axelar token drop by thirteen percent because the deal does not give any direct benefit to people who hold the token. The deal shows that in crypto mergers and acquisitions companies often care about the people and the technology more than the tokens themselves.
Interop Labs created the Axelar Network which is a system that allows different blockchains to talk to each other and move assets safely between them. The engineers and technology from Interop Labs will now join Circle. At the same time another group called Common Prefix will take on a bigger role in keeping the Axelar Network running and improving it.

Even though the technology behind Axelar is strong and useful the token holders do not gain anything from this deal. The token is not part of the purchase and there is no plan to give token holders a share of revenue or any influence over the assets that Circle is acquiring. Because of this investors sold the token quickly and its price went down.

This type of deal shows a difference between the success of a project and the success of its token. Just because a network is working well and the people who built it are being recognized it does not mean the token will go up in value. In this case Circle gets talented engineers and technology that can help its stablecoin and payment business. But people who own AXL do not get any direct reward from the sale.

Crypto mergers and acquisitions are becoming more common and many of them focus on teams and the technology that makes networks work. Companies may want to hire smart engineers or buy systems that help move money or data between networks. The tokens that belong to those networks are not always part of the deal. Token holders need to understand that their investment may not benefit even if the project itself grows stronger.

For Axelar the future of the network still looks active because Common Prefix will continue to support it. The system for moving assets across blockchains will keep running and may improve over time. But the price of AXL may stay separate from these developments because the Circle deal does not include it.
In simple terms this story shows that in crypto people are buying talent and tools more than tokens. Success for a network does not automatically mean success for its token. Investors need to watch closely how deals are structured and what is actually included. Mergers can make the technology stronger and give teams more resources but the tokens can sometimes lose value even when the network becomes better.
#CryptoNews #Axelar #Circle #CryptoMergers