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Why stablecoin issuer Circle wants to be a bank
If the national bank regulator grants Circle approval, it plans to spin up a national trust bank called First National Digital Currency Bank, N.A. Such a charter would allow the crypto firm to custody and manage the reserve assets behind its own stablecoins and offer other fiduciary services.
The Office of the Comptroller of the Currency (OCC) reported issues facing federal banking system in Semiannual Risk ...
Circle applies to launch USDC national trust bank, aiming to strengthen compliance, self-custody reserves, and align with new ...
Circle’s move to establish a bank is not the first by a digital-currency player, but represents a major step toward establishing stablecoins as a widely used and accepted form of money, observers say.
Mission for Circle is to bring stablecoins into the established financial markets Circle Internet Group, the issuer of the ...
Michael Hsu, acting director of the Office of the Comptroller of the Currency, listens during a hearing with the Senate Banking Committee on Capitol Hill on May 18, 2023 in Washington, D.C.
The Office of the Comptroller of the Currency Approves the Sale of Sterling Bank and Trust, F.S.B. to EverBank Financial Corp. Business Wire . Fri, Mar 14, 2025, 7:30 AM 5 min read.
The Office of the Comptroller of the Currency Approves the Sale of Sterling Bank and Trust, F.S.B. to EverBank Financial Corp. March 14, 2025 07:30 AM Eastern Daylight Time.
Michael Hsu, acting director of the Office of the Comptroller of the Currency, listens during a hearing with the Senate Banking Committee on Capitol Hill on May 18, 2023 in Washington, D.C.
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