The exchange says it has begun an independent review of its AML and sanctions controls. The US transfer ban takes effect 30 days after Federal Register publication.

The stable-outlook rating puts Sky in Moody's speculative-grade category, with roughly $90 million in equity against $10 billion in managed assets.

The proposed subsidiary would also hold client assets and manage stablecoin reserves, but would not accept deposits or make commercial loans.

Payward says the OCC national trust charter would complement Kraken's banking arm, Kraken Financial.

The bank says it plans to add other stablecoins across multiple blockchains to the service.

The $12 trillion brokerage will begin a phased rollout of Schwab Crypto, offering direct spot BTC and ETH trading to retail investors in the coming weeks.

The Goldman Sachs Bitcoin Premium Income ETF primarily will offer exposure to other Bitcoin exchange-traded products, but the fund won't hold BTC directly.

The pilot builds on HSBC's broader rollout of its Tokenized Deposit Service, which lets corporate clients convert fiat deposits into digital assets

MSBT saw a strong first day of trading on Wednesday, but the broader U.S. Bitcoin ETF sector was in the red yesterday.

A White House Council of Economic Advisers study released Wednesday concludes that banning stablecoin yield would have minimal impact on bank lending and would harm consumers.