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At Close: Jun 04, 2026

Circle Seeks US Bank Charter for USDC Reserves

06:24am, Tuesday, 01'st Jul 2025
Circle is the issuer of the $USDC stablecoin. It now wants to establish a national trust bank in the United States.
On-chain investigator ZachXBT has raised concerns over USDC stablecoin issuer Circle's compliance standards and its growing use among malicious actors. According to ZachXBT, North Korean IT workers ha
If approved, the OCC-licensed entity will oversee the management of the USDC reserve on behalf of Circle's US issuer. It would also help the company meet requirements under the proposed GENIUS Act leg
Popular blockchain investigator ZachXBT noted that the sanctioned state of North Korea is using Circle's (NASDAQ: CRCL) native stablecoin USDC, and that they are doing “NOTHING” to freeze the acti
Circle Internet Group the issuer of the USDC stablecoin, has formally applied for a national trust bank charter from the U.S. Office of the Comptroller of the Currency.
Circle has applied to become a national trust bank in the US, marking a major post-IPO move to deepen its role in regulated finance.
Other crypto firms are also reportedly considering applying for a national bank charter, following in the footsteps of Anchorage Digital Bank, which received a license in 2021.
Circle, the issuer of USDC, has filed an application with the U.S. Office of the Comptroller of the Currency (OCC) to become a federally regulated national trust bank. If approved, the entity to be na
Circle's national trust bank charter aims to bolster USDC stability.
Circle seeks a trust bank license to directly manage USDC reserves and offer custody for tokenized stocks and bonds onchain. The post Circle applies for national trust bank license to expand USDC rese
Circle has applied for a national banking license, according to Reuters. which would enable it to act as a custodian for its own reserves.
World's second most used stablecoin surpasses previous record; USD1 now ranks beneath only USDT.
Wall Street brokerages began coverage of stablecoin issuer Circle Internet Group on Monday with broadly bullish ratings, though some analysts voiced concerns about its elevated valuation after the sto
Cryptocurrency custodian Anchorage Digital has decided it will stop supporting the popular USDC stablecoin. [contact-form-7] As Coindesk reported Friday (June 27), this move has provoked sharp critici
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