Citizens Trust Bank, a financial institution regulated by the Federal Deposit Insurance Corporation (FDIC), has partnered with Circle Internet Financial to hold some of its reserves in USD Coin (USDC)...
Tag: FDICInsured
Banking Startup LevelField Aims to Become First FDIC-Insured Institution to Offer Crypto Services
Although LevelField may become the first FDIC-insured bank to offer crypto services, that does not mean the bank will necessarily offer a safer way to invest in volatile digital assets. FDIC insurance...
This banking system is set to become the first FDIC-insured bank to offer crypto services – Cryptopolitan
On Wednesday, LevelField declared its ambition to become the first Federal Deposit Insurance Corporation(FDIC)-insured bank to offer digital asset services after acquiring Burling Bank. Not only will ...
FTX US Spread False or Misleading Statements About FDIC-insured Products, Regulator Says
On August 19, The Federal Deposit Insurance Corporation (FDIC) issued various cease and desist letters to five cryptocurrency companies including FTX US, owned by the crypto billionaire Sam Bankman-Fr...