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Arry Hashemi
Arry Hashemi

Circle Applies for National Trust Bank Charter Following IPO

Circle, the issuer of the USD Coin (USDC) stablecoin, has formally applied to the U.S. Office of the Comptroller of the Currency (OCC) for a national trust bank charter. If approved, the new entity, named First National Digital Currency Bank, N.A., would manage USDC reserves and offer digital asset custody services to institutional clients.