BiyaPay analyst: It is not a dream for USDC to turn into USD in seconds, and crypto giants such as Circle are entering the US banking industry

On July 15, more and more cryptocurrency companies are accelerating their entry into the traditional banking industry to gain compliance advantages in a more lenient regulatory environment during Trump's presidency. Industry giants including Ripple, Circle (CRCL), and BitGo are applying for national trust bank licenses, further connecting digital assets with the traditional financial system. Kraken also announced that it will launch credit and debit cards in the near future, accelerating the integration of cryptocurrency into daily financial services. Circle stated that obtaining a trust license from the US OCC will be a key step in promoting the legal use of stablecoins (such as USDC). Meanwhile, US legislators are discussing stablecoin regulatory bills like the 'Genius Act', which may open a legal and compliant financial door for stablecoin issuers. This signals a new trend: crypto assets are gradually entering the mainstream financial system, and in the future, direct exchange of stablecoins like USDT for US dollars, euros, and Hong Kong dollars will become more convenient. Under this trend, BiyaPay now supports USDT and USDC, enabling one-click conversion to over 30 fiat currencies, including US dollars, euros, Hong Kong dollars, and Singapore dollars, supporting rapid and secure global remittances, truly "integrating" digital assets into real financial life.