Congratulations to Circle for obtaining a banking license! The first stablecoin bank license in human history
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.
Short Selling Logic 1. The bottom has risen by more than ten times, and it is a contract price increase model 2. The market lacks liquidity, and the following funds will not be more than when liquidity is better 3. High position oscillation to offload 4. A meme currently has a market value of 300 million, can you go long? Short selling has a higher odds #pippin
Wall Street 100 trillion dollars is moving onto the blockchain
This time Wall Street is not just talking about on-chain finance; it is really coming. Wall Street giant DTCC's subsidiary DTC has just received a no-action letter from the SEC, approving a three-year pilot service for tokenization. This means: the SEC has nodded: you can turn real U.S. stocks, ETFs, and treasury bonds into tokens on the blockchain!
This subsidiary DTC has a custody asset scale of about 100 trillion dollars, processing an annual transaction volume of about 37 trillion dollars. What does this data equal?? A custody asset scale of 100 trillion is equivalent to about 40% of the total scale of the global custody market, far exceeding traditional custody banks (such as Bank of New York Mellon with 46 trillion).
I boldly imagined that this service could completely change the game: issuing stocks directly on the blockchain, allowing companies to raise funds without traditional exchanges; or using tokenized stocks and U.S. treasuries as collateral to easily borrow USDC on-chain, achieving seamless cross-chain liquidity. The on-chain and off-chain will be fully connected, and the lending rates on DeFi platforms may far exceed traditional benchmarks, with borrowing speed requiring just a click of the mouse, done in seconds! Will traditional banks tremble with fear?? I guess one day, they really will tremble three times, as Wall Street accelerates its embrace of the blockchain revolution!
Are people all so conceited?? I have never understood many products, clearly the market has already validated some products or solutions with stage-wise PMF verification or periodic verification. Many people insist on designing a user flow that requires going through three gates to complete KYC. It's really terrifying! When I see projects like this asking me for services and advice, I don't even know what to say, the product looks disappointing at first glance!
The Alipay that was frozen for half a year has finally been unblocked Also because of this matter, I have personally withdrawn funds through a compliant OTC channel I don't know which transaction is a black market deal
Can't sit down, simply can't sit down The partition in the middle of the law firm's conference room has already been taken down Every time we have offline events 🎡, we still need to review registrations ✅ before giving the location, and controlling the number of participants still leads to an overwhelming turnout [Strong][Strong] PS: Today, Lawyer Shao looks very handsome!
In the end, the lowercase #Neiro wins. Why do all the platforms show uppercase letters during the search (of course, the contract addresses are different)? It feels like it's easy for the elderly to go the wrong way!
Last night's CPI data 📊 could not support the 15-minute positive line, and the feeling of impotence was obvious. I watched more and did less. I only did the 15-minute market when I was itchy. #美国6月CPI大幅降温 #美联储何时降息?