Futurum Analyst in Residence Jared Klee analyzes the anticipated Congressional legislation allowing non-banks to issue stablecoins. He also explores what is required in order for stablecoins to be safe and sound, why non-bank issuers can make financial services available to unserved Americans, and how Circle’s USDC is winning over consumers as a sound non-bank issuer.
Crypto Bank Custodia Sues Federal Reserve in a Long Shot to Get a Master Account
Futurum Analyst in Residence Jared Klee analyzes crypto bank Custodia’s lawsuit against the Federal Reserve’s inaction on the bank’s master account application and dives into Custodia’s likely business model and how that compares with the already-rejected The Narrow Bank and what the chances are that Custodia will succeed.
USDC Stablecoin Issuer Circle Raises $400 Million from BlackRock and Fidelity
Futurum Analyst in Residence Jared Klee analyzes the $400 million raise by USDC stablecoin issuer Circle from BlackRock and Fidelity. He explores why the investors are strategic partners for Circle, what this means for bringing retail investors to crypto, and how Circle may transform traditional capital markets.