Circle, Coinbase, and Crypto.com received US charter approvals, while Wise plans a new charter application.
1 report, 1 independent
Updated Jul 25
AI-generated analysis. Brind wrote this summary from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
Circle, Coinbase, and Crypto.com received US charter approvals, while Wise plans a new charter application.
Who's involved
What this event is mainly aboutKeep exploring
The entities involved
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Circle
peer-to-peer payments technology company
- Coinbase operates as a leading regulated crypto exchange, utilizing its Base Layer-2 network built on Ethereum, and shares revenue with Circle in the USDC ecosystem.
- Hana Bank is participating in a settlement network trial involving the Bank of Korea, while Binance announces a $100M investment to promote Circle's USDC.
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Coinbase
American company that operates a cryptocurrency exchange platform
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Crypto.com
cryptocurrency exchange company based in Singapore
Nothing else this week.
Related events
- Circle is linked to broader crypto market trends, while Coinbase has heavy exposure to digital asset trading activity.
- Coinbase is listed on Nasdaq, while Circle's USDC funds a quarter of Coinbase's revenue. The Senate failed to pass the CLARITY Act, amidst FED rate impacts.
- Pending U.S. crypto legislation involving Coinbase.
- Circle is building its own blockchain via Arc and testing stablecoin rails on Base, while facing market pressures regarding high distribution partner costs.
- Coinbase is lobbying for favorable Clarity Act legislation, Circle is building financial infrastructure on the Arc network, and MicroStrategy Inc. remains the largest Bitcoin treasury holder.
Coverage
Newest first; wire copies grouped- cointelegraph.comWise to Resubmit US Charter Application Under GENIUS Act