PayPal co-founder and other tech tycoons are planning to build a new bank to serve crypto and AI startups and include stablecoins in their balance sheet

By: odaily.com|2025/07/03 03:05:51

Odaily News PayPal co-founder Peter Thiel and several tech billionaires have jointly launched a new bank called Erebor, which aims to fill the gap left by the collapse of crypto-related Silicon Valley banks. Erebor plans to serve venture-backed startups in the fields of artificial intelligence, crypto, manufacturing and defense, and has applied for a national banking license from the U.S. Office of the Comptroller of the Currency. The two co-CEOs come from software company Argus and crypto payment company Circle. The bank may include stablecoin assets, but details have not yet been announced. (Decrypt)

Hong Kong stocks Duodian Digital Intelligence once rose by 90%, has allocated BTC and plans to apply for a Hong Kong stablecoin license A user may have mistakenly bought $1.6 million of Company, losing 98% and many addresses made huge profits

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