Citizens Trust Bank at holde $65 Millioner i USDC-reserver, da Circle udvider bankpartnerskaber

af den digitale valutaøkonomi med
Citizens Trust Bank at holde $65 Millioner i USDC-reserver, da Circle udvider bankpartnerskaber

På fredag, the cryptocurrency firm and stablecoin issuer Circle announced that the financial institution Citizens Trust Bank will hold $65 million in usd coin cash reserves. Circle said the move is part of the company’s plan to allocate shares of the stablecoin’s denominated reserves to minority-owned depository institutions (MDI'er) and community banks across the United States.

Indhold

Circle Partners With Atlanta-Based Citizens Trust Bank

The digital currency firm Cirkel has announced that Atlanta-based Citizens Trust Bank, founded in 1947, will hold $65 million in usd coin (USDC) reserver. This move follows a series of announcements where Circle allocated funds to various U.S.-based financial institutions over the past year. For eksempel, Cirkel anført den april 1, 2022, that BNY Mellon would hold USDC reserves, and in June, the Boston-based company annonceret that New York Community Bancorp would hold USDC reserves.

Derudover, Cirkel annonceret last November that it is working with Blackrock to manage a portion of the USDC reserves in a fund registered with the U.S. Securities and Exchange Commission (SEK). “The opportunity to maintain a portion of Circle’s growing USDC reserves means we are strengthening our balance sheet and becoming a key part of fast-growing new markets,” Cynthia N. Day, the president and chief executive officer of Citizens Trust Bank said in a statement. Circle also announced on Friday that it will collaborate with Citizens Trust Bank to enhance financial literacy initiatives.

The company stated that it is developing plans to expand programming into the community through Atlanta’s historic HBCUs and local schools, with a launch event slated for this summer and a $100K seed grant from Circle. Fra feb. 24, 2023, Circle’s stablecoin USDC has an overall valuation of $42.66 billion and is the second-largest U.S. dollar-pegged cryptocurrency asset in terms of market capitalization. According to metrics recorded on Friday, the number of USDC coins in circulation has decreased by 2.7% over the last 30 dage.

Tags i denne historie
Atlanta, Balance, Sort sten, BNY Mellon, Cirkel, Citizens Trust Bank, samfundsbanker, Kryptovaluta, cryptocurrency asset, Cynthia N. Day, Digital valuta, fast-growing markets, Finansielle institutioner, financial literacy initiatives, HBCUs, launch event, local schools, Markedsværdi, MDI'er, minority-owned depository institutions, New York Community Bancorp, SEK, seed grant, Stablecoin, Forenede Stater, US dollar-pegged, usd mønt, USDC

What do you think about Circle partnering with the Atlanta-based Citizens Trust Bank? af den digitale valutaøkonomi med.

Jamie Redman

Jamie Redman er nyhedschef hos Bitcoin-Tidings.com News og en finansteknologisk journalist, der bor i Florida. Redman har været et aktivt medlem af cryptocurrency-fællesskabet siden 2011. Han har en passion for Bitcoin, åben kildekode, og decentrale applikationer. Siden september 2015, Redman har skrevet mere end 6,000 artikler til Bitcoin-Tidings.com Nyheder om de forstyrrende protokoller, der dukker op i dag.




Billedkreditter: Shutterstock, Pixabay, Wiki Commons

Ansvarsfraskrivelse: Denne artikel er kun til informationsformål. Det er ikke et direkte tilbud eller opfordring til et tilbud om at købe eller sælge, eller en anbefaling eller godkendelse af produkter, tjenester, eller virksomheder. Bitcoin-Tidings.com giver ikke investeringer, skat, gyldige, eller regnskabsrådgivning. Hverken virksomheden eller forfatteren er ansvarlig, direkte eller indirekte, for enhver skade eller tab forårsaget eller påstået at være forårsaget af eller i forbindelse med brugen af ​​eller tilliden til noget indhold, varer eller tjenesteydelser nævnt i denne artikel.

Læs ansvarsfraskrivelse