Stablecoin issuer Circle applies for a national bank charter
Traders work on the public offering day of Circle Internet Group, on the New York City, the US, on June 5, 2025 on the New York Stock Exchange (NYSE).
Brendan McDermid | Reuters
Stablecoin exporter Apartment internet group The CNBC applied to a national trust bank charter, and this month, after the firm’s major market release, he proceeded in the mission of bringing Stablecoins to the traditional financial world.
Stocks increased by 1% after hours.
If the Currency Supervisor Office is given to the Bank Charter, Circle will build the first national digital currency bank under the Charter, Circle and this USDC StablecoinIn addition, a blockchain network will be able to provide custody services to corporate customers in the future for assets that may include stocks and bond representations.
Reuters Firstly, it was reported in Circle’s bank regulation application.
Circle, which is currently held with other large banks, has no plan to change the management of USDC reserves.
Anchorage Digital is the only crypto company To obtain such a license.
Circle’s move comes after a wildly successful public offering and the first process in public markets. The company’s shares increased by 484% in June. The company also benefits from a wave of optimism that will give the US a regulatory framework for Stablecoins after the Senate’s Genus Law.
Having a federal -regulated confidence regulation will help meet the requirements in accordance with the Genius law.
“This kind of national digital currency is to establish a confidence bank and to create a transparent, efficient and accessible internet financial system,” Circle CEO Jeremy Allire, CNBC points to an important milestone. ” He said. “Circle is taking proactive steps to strengthen our USDC infrastructure by applying to a national confidence charter.”
“In addition, the US dollar can increase the access and flexibility of the US dollar and important for the world’s leading institutions, the development of the development of the development of market neutral infrastructure, we believe to pay for the regulation and operation of the US regulation will be compatible with the US regulation.” He said.
