Major crypto firms, including Circle, BitGo, Coinbase and Paxos, are exploring bank charters amid evolving US stablecoin regulations, according to The Wall Street Journal.
Banking News

Banking is any kind of business activity conducted by a bank, such as accepting deposits and creating credits, and other financial services. Banking is an old industry which has been around since ancient times. Banks in their current form (or at least similar to it) first appeared in Italy, during the period of Renaissance. Since then, banking has undergone many centuries of evolution, developing new kinds of services and financial techniques. Thanks to the advances in computer hardware and software over the past decades, a lot of banking is now done online.
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The Bank for International Settlements warns that crypto and stablecoins may destabilize finance and widen inequality, urging stronger regulation in response.
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Crypto advocates split hairs on whether XRP deserved to be in the digital asset stockpile, with many questions revolving around the token’s utility.
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