BiyaPay Analyst: USDC Instantly Becoming USD is Not a Dream, Crypto Giants like Circle Set Sights on US Banking Sector
BlockBeats News, July 15th, an increasing number of cryptocurrency companies are accelerating their entry into the traditional US banking industry to gain compliance advantages in a more relaxed regulatory environment during the Trump administration. Industry giants such as Ripple, Circle (CRCL), and BitGo have all applied for a national trust bank charter, further bridging the connection between digital assets and the traditional financial system.
Kraken has also announced that it will soon launch credit and debit cards, speeding up the integration of cryptocurrency into everyday financial services. Circle stated that obtaining a trust charter issued by the US OCC will be a key step in promoting the legitimate use of stablecoins (such as USDC). Meanwhile, US legislators are discussing stablecoin regulatory bills like the "Genius Act," which may open the door to legal and compliant financial operations for stablecoin issuers.
This heralds a new trend: cryptocurrency assets are gradually entering the mainstream financial system, making it more convenient in the future for stablecoins like USDT to be directly exchanged for US dollars, euros, Hong Kong dollars, and more.
In line with this trend, BiyaPay now supports one-click exchange of USDT and USDC into more than 30 fiat currencies, including the US dollar, euro, Hong Kong dollar, Singapore dollar, and others, supporting rapid and secure global remittances, allowing digital assets to truly "integrate" into real-world financial life.
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