Circle Wins Final OCC Approval for National Trust Bank as Shares Rise

Circle secured final OCC approval to establish a federally regulated national trust bank in the U.S. CRCL shares climbed nearly 12% as investors reacted to Circle’s latest federal regulatory milestone. The bank can provide digital asset custody and may later oversee reserve assets supporting USDC circulation. USDC generated 94% of Circle’s first-quarter revenue through reserve [...]

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