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Tag: New York Community Bank

282 US Banks Suffer ‘Toxic Combo’ That Could Trigger Collapse, With $900,000,000,000 in Total Assets at Stake: Report – The Daily Hodl

A total of 282 US banks with $900 billion in total assets are suffering from a “toxic combo” that could push them to the...

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Silvergate, Signature Collapse Leaves Crypto with Few Bank Partners

Foreign Companies Could Fill the Void Crypto’s go-to banks collapsed last week, and it left U.S.-based players in the embattled industry with few remaining...

USDC Tumbles to $0.93 as Circle Reveals $3.3 Billion Held at SVB, Tether and Binance Not Exposed

Following the second-largest bank collapse in American history on Friday, market participants are worried about which firms might be caught up in the...

Digital Banking Platform HMBradley Inks Deal with Thought Machine

Digital banking platform HMBradley forged a strategic partnership with banking technology provider Thought Machine. HMBradley will leverage Thought Machine’s Vault Core solution to...

USDC issuer Circle releases accountant-verified report

Circle, the company that is responsible for issuing USD Coin (USDC), has made public a report that has been validated by an accountant on...

Key takeaways from USDC $44.5 reserve report

USD Coin (USDC) issuer Circle has released an accountant-verified report of its treasury reserve holdings backing more than $44.5 billion worth of tokens currently...

Nearly 65% of USDC reserves are held in US Treasury bills

Circle held $43.4 billion in USDC reserves to back 43.23 billion USDC in circulation as of Nov. 30, 2022. Of these...

Which Regulators Are Shaping U.S. Crypto Policy?

Key Takeaways As crypto has grown, regulators have become more interested in monitoring the space. Several U.S. agencies, including the SEC, CFTC, and OCC,...

USDF Consortium launches to develop and promote bank-minted stablecoin

The FDIC-insured banks want to “unlock the financial opportunities” of blockchain technology.

NYCB and Group of Banks Join to Launch USDF Stablecoin

USDFA group of U.S.-based banks is launching their own stablecoin, USDF. The stablecoin will be issued by the USDF Consortium, which will allow its members (financial and banking institutions) to issue USDF. The proposed stablecoin will be the first currency of its kind to be minted by FDIC-insured institutions and compliant with the recommendations on […]

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