Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 13286
Markets: 104180
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
America's Social Casino

Market Cap
24h Vol
13286
Cryptocurrencies
64.64%
Bitcoin Share
BitcoinSistemi 2025-06-30 20:04:05

BREAKING: Circle, One of the Largest Stablecoin Companies, Files Critical Bank Application in the US

BREAKING: Circle, One of the Largest Stablecoin Companies, Files Critical Bank Application in the US

Following its IPO earlier this month at a valuation of approximately $18 billion, U.S.-based stablecoin company Circle has taken another important step. The company has begun the formal process of obtaining a national trust bank license by applying to the U.S. Office of the Comptroller of the Currency (OCC). If approved, Circle will be able to provide custody of its own reserves and hold crypto assets on behalf of institutional clients, but unlike traditional banks, the license does not grant it the authority to take cash deposits or make loans. “Circle has long sought the highest levels of trust, transparency, governance and compliance. Becoming a public company was part of that vision. Becoming a national trust bank is a continuation of that,” Circle CEO Jeremy Allaire told Reuters. If Circle obtains a national trust bank license, the new unit it will establish will be called First National Digital Currency Bank, N.A. Currently, Anchorage Digital is the only digital asset company in the U.S. with a national trust bank license. If Circle’s application is approved, it will be the second company in this field. The new bank will manage the majority of the reserves of the company’s USDC stablecoin, which will be backed by the U.S. dollar. However, Allaire noted that some reserves will continue to be held by major banks. Additionally, Circle will be able to offer digital asset custody to institutional clients through this new structure. Allaire stated that this service will focus on traditional financial products such as stocks and bonds tokenized on the blockchain, and not cryptocurrencies such as Bitcoin or Ethereum. *This is not investment advice. Continue Reading: BREAKING: Circle, One of the Largest Stablecoin Companies, Files Critical Bank Application in the US

Most Read News

Moralis Money
Market Cap
24h Vol
64.64%
Bitcoin Share
118
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.