Circle won final OCC approval to establish a national trust bank, allowing it to place USDC reserves under federal oversight and expanding its regulated digital asset custody business.
Visa, Mastercard, Stripe, Coinbase, and 140+ firms have launched Open USD (OUSD), a new yield-sharing stablecoin that aims to challenge Circle and reshape the economics of the $300 billion stablecoin market.
Boltz today enabled trustless Bitcoin-to-USDC swaps using Circle’s CCTP, allowing instant movement between Bitcoin layers including Lightning and the regulated stablecoin accepted by Stripe, Coinbase, Visa, and global institutions — without accounts or custody.
The Grant Thornton write-up states that the “examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants.”
Coinbase plans to use the funding to "accelerate the adoption of cryptocurrencies," as it plans to remain the "entry-point into crypto" for millions of investors.