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Circle applies for US national bank charter, plans to self-manage USDC reserves
Summary: According to reports from Reuters, stablecoin issuer Circle (CRCL) has applied for a US national bank charter. If approved, they will be able to self-manage USDC reserves and act as a custodian for institutional clients' crypto assets. The entity will be named First National Digital Currency Bank, N.A. This move comes shortly after Circle's successful ...
According to reports from Reuters, stablecoin issuer Circle (CRCL) has applied for a US national bank charter. If approved, they will be able to self-manage USDC reserves and act as a custodian for institutional clients' crypto assets. The entity will be named First National Digital Currency Bank, N.A. This move comes shortly after Circle's successful IPO this month, signaling its further integration into the traditional financial system. (The Block)
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Link: Circle applies for US national bank charter, plans to self-manage USDC reserves [Copy]
