The proposal to create the First National Digital Currency Bank “marks a significant milestone to build an internet financial ...

Andrew Bailey warned today against stablecoins, which he believes risk undermining the public’s trust in the financial ...

Crypto platform Anchorage Digital is currently the only digital asset company with a national trust bank charter.

If the national bank regulator grants Circle approval, it plans to spin up a national trust bank called First National ...

At the end of 2024, it had roughly $43.5 billion in USDC in circulation, up from approximately $24.4 billion the year before.

Circle seeks a trust bank license to directly manage USDC reserves and offer custody for tokenized stocks and bonds onchain.

Circle earlier rejected acquisition bids by two of the leading crypto industry giants, Ripple and Coinbase (Nasdaq: COIN).

Shares of Circle Internet Group turned higher as Wall Street applauded the stablecoin issuer’s move to try to establish a ...

Circle is seeking approval from the OCC to establish a national trust bank to oversee its USDC stablecoin reserves.

Circle has applied with the US Office of the Comptroller of the Currency to create the First National Digital Currency Bank, ...

Ripple has applied for a US banking license following a similar move by Circle, as both seemingly aim to be regulated after ...

Circle is taking a major step to expand its role in the financial system by applying for a national trust bank charter. If ...