Stablecoin issuer Circle applies for national trust bank charter

TechFlowJun 30, 2025
#Crypto Stocks $USDC$CRCL
On July 1st, Decrypt reported that Circle, the issuer of the $USDC stablecoin, announced on July 1st that it has applied to the U.S. Office of the Comptroller of the Currency (OCC) to establish a national trust bank, "First National Digital Currency Bank, N.A." The bank will be responsible for overseeing the management of $USDC reserves. Currently, the $USDC has a market cap of over $61.0 billion and is the second-largest stablecoin in the market. Circle CEO Jeremy Allaire stated, "Establishing this type of national digital currency trust bank marks an important milestone in our goal of building a transparent, efficient, and accessible internet financial system." He added that this move will align Circle with emerging U.S. stablecoin regulations, including the recently passed GENIUS Act in the Senate. [深潮 TechFlow]
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Stablecoin issuer Circle applies for national trust bank charter

TechFlowJun 30, 2025
#Crypto Stocks $USDC$CRCL
On July 1st, Decrypt reported that Circle, the issuer of the USDC stablecoin, announced on July 1st that it has applied to the U.S. Office of the Comptroller of the Currency (OCC) to establish a national trust bank, "First National Digital Currency Bank, N.A." The bank will be responsible for overseeing the management of USDC reserves. Currently, the USDC has a market cap of over $61.0 billion and is the second-largest stablecoin in the market. Circle CEO Jeremy Allaire stated, "Establishing this type of national digital currency trust bank marks an important milestone in our goal of building a transparent, efficient, and accessible internet financial system." He added that this move will align Circle with emerging U.S. stablecoin regulations, including the recently passed GENIUS Act in the Senate. [深潮 TechFlow]
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