Circle said that becoming a national trust bank would help give USD Coin (USDC) compliance under the GENIUS Act, legislation that passed the U.S. Senate in June 2025 to create new guardrails for dollar-backed stablecoins

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According to a statement by Circle, a federal trust charter would also help give USDC compliance under the GENIUS Act stablecoin legislation, which recently passed the Senate.

The move signals a strategic effort by Circle to solidify its regulatory standing as the U.S. mulls legislation like the GENIUS Act, which would create new guardrails for dollar-backed stablecoins. The company said becoming a national trust bank would help it meet anticipated requirements under the bill, which passed through the Senate earlier this month and now awaits a vote in the House of Representatives.