Circle received final OCC approval to launch a national trust bank, boosting its stock 13% premarket and strengthening USDC's regulated infrastructure. Meanwhile, SWIFT went live with a blockchain ledger for bank settlements and credit unions published a stablecoin playbook, signaling growing institutional adoption.
The OCC approval allows Circle to act as a federally regulated custodian for USDC reserves and digital assets, putting USDC on similar regulatory footing as national banks. This milestone, combined with SWIFT's blockchain launch and credit union stablecoin guidance, reflects a broader shift of traditional finance integrating blockchain infrastructure.
Circle stock rallied 13% premarket after the OCC approval; SWIFT's blockchain ledger went live with 17 major banks; America's Credit Unions published a stablecoin playbook.
CircleTokenized treasuries yielding Fed rate onchainUSYC: Tokenized Money Market Fund Hashnote International Short Duration Yield Fund Ltd. invests in short-term U.S. Treasury Bills and performs repo/reverse repo activities as the underlying asset of the USYC token. USYC earns short-term Fed rate returns. Tokenization enables the fund to deliver rapid transactions, onchain transparency, and seamless composability—while maintaining strong controls across regulatory and credit dimensions.
GameSwiftModular gaming blockchain with zkEVM rollupsWhat is the project about? GameSwift is a modular blockchain network comprising the gaming-optimized Layer 1 and zkEVM rollups designed on demand for specific games. By leveraging zkEVM, developers can reduce gas costs, optimize contract execution speed, and enable confidential computation. What makes your project unique? GameSwift not only provides an optimized SDK-based infrastructure for game developers to deploy their dApps efficiently and securely on zkEVM, but also introduces the multichain GameSwift Platform, which ensures that the games built within the modular ecosystem are not isolated from other networks. The Platform provides solutions that respond to the needs of non-crypto gamers, who may not be familiar with interacting with blockchain technology. History of your project. Founded in 2022 by a group of blockchain and gaming passionates, GameSwift quickly became one of the fastest-growing gaming ecosystems in the entire Web3 space, which now makes a true home for numerous gaming projects and gamers. What’s next for your project? GameSwift's long-term goal is to become the go-to blockchain network for development studios to build and launch their dedicated gaming roll-ups, easily accessible to both web3 and web2 gamers through the one-stop multichain platform. By unifying games and players in one place, GameSwift aims to create the World’s largest web3 gaming community. What can your token be used for? $GSWIFT is the driving force behind the entire GameSwift ecosystem, serving as a native currency, utility, and governance token, capturing value from all GameSwift products and services. Being an essential component for key functionalities, such as transaction fees, validation, and payments on GameSwift layer 1 blockchain or validating transactions on zkEVM roll-ups, makes $GSWIFT a crucial asset in the entire GameSwift Ecosystem, which additionally accrues real yield generated by the GameSwift Platform from multiple revenues streams.
America's Credit Unions released a stablecoin playbook covering on-chain deposits, stablecoin issuance, digital asset custody, cross-border payments, tokenized payment rails, monthly reserve audits, and KYC/AML compliance.
SWIFT launched a blockchain ledger for real-time cross-border payments, with 17 major banks including Citi, HSBC, UBS, BNP Paribas, Wells Fargo, and others participating.
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Circle's stock ($CRCL) rose 13% in premarket trading after the OCC granted final approval for Circle to launch a national trust bank, Circle National Trust.