CRYPTOREPORTCLUB
  • Crypto news
  • AI
  • Technologies
Saturday, July 26, 2025
No Result
View All Result
CRYPTOREPORTCLUB
  • Crypto news
  • AI
  • Technologies
No Result
View All Result
CRYPTOREPORTCLUB

Circle Applies for US Trust Bank License

July 1, 2025
149
0

Circle, the company behind USDC, the second-largest stablecoin by market capitalization, is applying to the Office of the Comptroller of the Currency (OCC) to create a national bank trust in the United States, according to a report from Reuters.

If approved, Circle would be allowed to act as a custodian for its own reserves under the name First National Digital Currency Bank, N.A. – but would not be allowed to take cash deposits or make loans.

Related Post

Can Shiba Inu (SHIB) Reach $1? 

July 26, 2025

JPMorgan Confirms $60B Crypto Inflows Amid Institutional Surge in 2025

July 26, 2025

The license would also allow Circle to custody digital assets for institutional clients, who are increasingly becoming a larger portion of the crypto market, given the success of Bitcoin ETFs and ETH ETFs, as well as the upcoming launch of REX-Shares' SOL-Staking ETF.

Circle, perhaps strategically, is applying for the license after its wildly successful IPO, which appreciated by roughly 1000% to $298 per share from its IPO price of $27-$31. The USDC supply is also within shouting distance of all-time highs, boasting a $61 billion market capitalization that accounts for nearly 25% of the $253 billion stablecoin market.

Total Stablecoin Market Capitalization – DeFiLlama

The only other digital asset company with a US Trust Bank License in the United States is Anchorage Digital, which collaborates with traditional finance giants such as Cantor Fitzgerald.

The U.S. government is rapidly navigating the stablecoin space. Less than six months into the Trump administration, the Senate notably passed the GENIUS Act on June 17.

While the bill still needs to find its way through the House of Representatives to become a law, its passing would establish a licensing regime for payment stablecoins, and would also establish regulations surrounding stablecoin reserves, which proponents believe would make stablecoins a more viable option for large transactions while reinforcing the U.S. dollar’s global dominance.

Share212Tweet133ShareShare27ShareSend

Related Posts

Crypto news

Can Shiba Inu (SHIB) Reach $1? 

July 26, 2025
0

Shiba Inu remains one of the most popular meme coins on the market—but one question refuses to go away: Can SHIB ever reach $1? It’s a dream many holders have clung to for years, and the hype hasn’t faded. But the math behind that goal tells a different story. With...

Read moreDetails

JPMorgan Confirms $60B Crypto Inflows Amid Institutional Surge in 2025

July 26, 2025

Robert Kiyosaki slams ETFs for being ‘paper versions’ of Bitcoin, gold and silver

July 26, 2025

Bitcoin Is “Freedom Money”, Senator Cynthia Lummis Declares

July 26, 2025

Tea App That Claimed to Protect Women Exposes 72,000 IDs in Epic Security Fail

July 25, 2025

Why Won’t PUMP Stop Dumping? Bears Are in Complete Control: Analysis

July 25, 2025

Revolut Makes Crypto Staking Available in Hungary After Restricting Services

July 25, 2025

Recent News

Can Shiba Inu (SHIB) Reach $1? 

July 26, 2025

JPMorgan Confirms $60B Crypto Inflows Amid Institutional Surge in 2025

July 26, 2025

Robert Kiyosaki slams ETFs for being ‘paper versions’ of Bitcoin, gold and silver

July 26, 2025

Bitcoin Is “Freedom Money”, Senator Cynthia Lummis Declares

July 26, 2025

TOP News

  • Bitcoin Sees Long-Term Holders Sell As Short-Term Buyers Step In – Sign Of Rally Exhaustion?

    Bitcoin Sees Long-Term Holders Sell As Short-Term Buyers Step In – Sign Of Rally Exhaustion?

    534 shares
    Share 214 Tweet 134
  • The AirPods 4 are still on sale at a near record low price

    533 shares
    Share 213 Tweet 133
  • Ripple Partners With Ctrl Alt to Expand Custody Footprint Into Middle East

    533 shares
    Share 213 Tweet 133
  • Cyberpunk 2077: Ultimate Edition comes to the Mac on July 17

    533 shares
    Share 213 Tweet 133
  • HBO confirms The Last of Us season 3 will arrive in 2027

    533 shares
    Share 213 Tweet 133
  • About Us
  • Contact Us
  • Privacy Policy
  • Terms of Use
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on cryptoreportclub.com is those of writers quoted. It does not represent the opinions of cryptoreportclub.com on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
cryptoreportclub.com covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023-2025 Cryptoreportclub. All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Crypto news
  • AI
  • Technologies

Disclaimer: Information found on cryptoreportclub.com is those of writers quoted. It does not represent the opinions of cryptoreportclub.com on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
cryptoreportclub.com covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023-2025 Cryptoreportclub. All Rights Reserved