Yigit Taha OZTURK 
As the crypto landscape evolves, regulatory clarity and financial integration have become crucial priorities. Stablecoin issuer Circle has now taken a significant step in that direction—one that could reshape how regulated digital finance is structured in the United States.
The company has officially applied to form a national trust bank, aiming to oversee its USDC reserves and offer custodial services under federal regulation. If approved by the Office of the Comptroller of the Currency (OCC), Circle would be granted the authority to operate nationwide as a federally regulated trust institution.
What a National Trust Bank Status Means
According to Circle, the establishment of the First National Digital Currency Bank would:
- Strengthen the issuance and circulation infrastructure of USDC,
- Provide custody services for institutional clients,
- Eliminate the need for separate state-based money transmitter licenses.
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This move also aligns with pending legislation like the GENIUS Act, which passed the U.S. Senate and is under review in the House. The act introduces a regulatory framework specifically for U.S. dollar-pegged stablecoins.
Other Crypto Players Are Watching
Circle isn’t alone in pursuing a national bank charter. According to reports, several other firms—including the digital assets division of Fidelity—are also exploring similar regulatory paths. Notably, Anchorage Digital Bank was the first to obtain such a charter in 2021.
Meanwhile, Circle Internet Group’s shares have remained relatively stable, with a slight gain of 0.48% to $181, followed by a 1.30% decline to $178 in after-hours trading.
These developments indicate growing institutional momentum in the crypto space and reflect a broader trend toward compliance and trust in digital finance.
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