Odaily Planet Daily report: Dallas-based United Texas Bank has transitioned from a state-chartered bank to a nationally chartered bank approved by the Office of the Comptroller of the Currency, positioning itself as an institution connecting global crypto companies with the U.S. banking system. United Texas Bank states that it now holds the same federal charter and direct access to the Federal Reserve as major money center banks, and has been processing approximately $10 billion in U.S. dollar transactions monthly for global crypto companies. The bank is launching UTB Atomic, a 24/7 AI-driven payment network, complemented by its compliance platform UTB Prism Sentinel, to restore round-the-clock crypto liquidity and comply with emerging federal regulations related to digital assets and stablecoins.
United Texas Bank Becomes a National Bank and Launches a Crypto Payment Network
KuCoinFlashShare
Summary
United Texas Bank, now a national bank under the Office of the Comptroller of the Currency, has launched UTB Atomic, a 24/7 AI-driven payment network. Headquartered in Dallas, the bank processes approximately $10 billion in USD monthly for global crypto firms and has direct access to the Federal Reserve’s payment system. Alongside its compliance platform, UTB Prism Sentinel, this network upgrade aims to enable round-the-clock crypto liquidity and align with new federal digital asset regulations.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.