Circle is seeking approval from the Office of the Comptroller of the Currency(OCC) to establish a national trust bank that would oversee its USDC stablecoin reserves

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July 1, 2025

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Circle is seeking approval from the OCC to establish a national trust bank to oversee its USDC stablecoin reserves.
Circle Internet Group (ticker CRCL) has applied for a national banking license, according to Reuters. The news marks the second-largest stablecoin issuer's latest move to become more ingrained in the legacy financial system, following a hugely successful initial public offering this month.

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07/01/2025
Week 27 of 2025