New bank charters have been rare since the financial crisis. “It’s time to build new banks again,” says Augustus National Bank President Greg Quarles. [Photo and Illustration courtesy of Augustus; composite image DI Studio]
The prospect of building a bank for the AI era from scratch was enough to pull Greg Quarles from the top job at another bank. Now the veteran regulator and three-time bank CEO explains why he joined the upstart reinventing how money moves—and the 25-year-old founder he calls “the brightest guy I’ve ever met.”
Founded this year, Stablecore said its platform enables community and regional banks and credit unions to offer stablecoins, tokenized deposits, and digital asset products. News of its funding round follows Congress' July passage of the GENIUS Act, which creates licensing and regulatory requirements for domestic payment stablecoin issuers and standards for participation in the U.S.
The solution developed by Shinhan Bank and a global megabank outside of Korea enables cross-border funds to be sent and received in a locally denominated stablecoin with "remarkably low fees." The solution is built using the Hedera Token Service and Hedera Consensus Service.
North Texas is a big place, with plenty to do, see, hear, and watch. We scour the internet every week to find events and activities for you. As always, things may change at any time, so be sure to check the official website or registration page for the latest details....
Taiwan-based LITEON Technology Corp. is investing nearly $1 billion in a new advanced manufacturing campus in McKinney. There, the company expects to create 600 jobs over the next several years as it expands its North American operations....
While drones buzzed through the airspace outside AT&T Stadium during a recent event, the wireless network and new sensor technology were watching.
AT&T and Ericsson, based in Sweden with U.S. headquarters in Plano, partnered in a test of a drone detection system in authorized airspace outside the Arlington stadium during a major sporting event....
California-based Pokeworks is looking to add to its presence in North Texas, as the fast-casual chain continues its expansion in what it calls a major growth market.
Pokeworks’ main menu is variations on poke, the traditional Hawaiian seafood dish that has roots in Japanese cuisine....
North Texas is a big place, with plenty to do, see, hear, and watch. We scour the internet every week to find events and activities for you. As always, things may change at any time, so be sure to check the official website or registration page for the latest details....
Taiwan-based LITEON Technology Corp. is investing nearly $1 billion in a new advanced manufacturing campus in McKinney. There, the company expects to create 600 jobs over the next several years as it expands its North American operations....
While drones buzzed through the airspace outside AT&T Stadium during a recent event, the wireless network and new sensor technology were watching.
AT&T and Ericsson, based in Sweden with U.S. headquarters in Plano, partnered in a test of a drone detection system in authorized airspace outside the Arlington stadium during a major sporting event....
California-based Pokeworks is looking to add to its presence in North Texas, as the fast-casual chain continues its expansion in what it calls a major growth market.
Pokeworks’ main menu is variations on poke, the traditional Hawaiian seafood dish that has roots in Japanese cuisine....