Circle Chief Executive Officer (CEO) Jeremy Allaire said that establishing a national digital currency trust bank marks a significant milestone toward building an internet financial system that is transparent, efficient, and accessible

Date

June 30, 2025

Quotes that support claims

“Establishing a national digital currency trust bank of this kind marks a significant milestone in our goal to build an internet financial system that is transparent, efficient and accessible,” said Circle co-founder, Chairman, and CEO Jeremy Allaire, in a statement. “By applying for a national trust charter, Circle is taking proactive steps to further strengthen our USDC infrastructure," he added. "Further, we will align with emerging U.S. regulation for the issuance and operation of dollar-denominated payment stablecoins, which we believe can enhance the reach and resilience of the U.S. dollar, and support the development of crucial, market neutral infrastructure for the world’s leading institutions to build on.”

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Week 27 of 2025