Circle Files for National Trust Bank License in the U.S.

The post Circle Files for National Trust Bank License in the U.S. appeared first on Coinpedia Fintech News

Circle Internet Group Inc. (NYSE: CRCL), a top-tier stablecoin issuer, has applied for a national trust bank license in the United States with the Office of the Comptroller of the Currency (OCC). The behemoth stablecoin issuer intends to establish the First National Digital Currency Bank, which would manage its reserves in USDC. “Circle has long …