Circle Applies For National Trust Bank License

Stablecoin issuer Circle Internet Financial has applied for a national trust bank license with the U.S. Office of the Comptroller of the Currency (OCC) to establish the First National Digital Currency Bank, N.A. If approved, this would allow Circle to manage its USDC stablecoin reserves directly and provide digital asset custody services for institutional clients, [...]The post Circle Applies For National Trust Bank License appeared first on Tekedia.

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