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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)

A user may have mistakenly bought $1.6 million of Company, losing 98% and many addresses made huge profits

Hong Kong stocks Duodian Digital Intelligence once rose by 90%, has allocated BTC and plans to apply for a Hong Kong stablecoin license