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Circle applies to establish the first digital currency bank in the United States, focusing on USDC trust and institutional services

Summary: According to reports, Circle has submitted an application to the Office of the Comptroller of the Currency (OCC) in the United States to establish the first digital currency bank in the country. The bank will focus on providing trust functions, reserve management, and institutional custody services related to USDC, rather than traditional banking services.

According to reports, Circle has submitted an application to the Office of the Comptroller of the Currency (OCC) in the United States to establish the first digital currency bank in the country. The bank will focus on providing trust functions, reserve management, and institutional custody services related to USDC, rather than traditional banking services.

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