Traders work on the floor on the New York Stock Exchange (NYSE), in IPO Day of Circle Internet Group, New York, USA, June 5, 2025.
Brendan McDermid Reuters
Issuer Stablecoin Circle internet group CNBC will confirm that he has applied for the National Trust Bank card, continuing his mission to introduce Stablecouins to the traditional financial world after the company's large debut this month.
Actions increased by 1% after hours.
If the currency office office gives a bank charter, Circle will establish the first domestic digital currency bank on the card, Circle, which publishes USDC StablecoinIt will also be able to offer care services in the future to institutional clients in the field of assets that may include representations of shares and bonds in the blockchain network.
Reuters The Circle banking application was submitted for the first time.
There are no plans to change the management of USDC Circle reserves, which are currently taking place with other main banks.
Anchorage Digital is the only other cryptographic company To obtain such a license.
Circle's movement is coming IPO and the debut month of trade in public markets. The company's shares increased by 484% in June. The company also uses a wave of optimism after the Senate Passage of the Genius Actwhich would give the US regulatory framework for Stablecouins.
Having a federal registered confidance card would also help to encircle meeting requirements in accordance with the Genius Act.
“The establishment of this type of National Trusteating Bank in the field of digital currencies means a significant milestone in our purpose, which is to build an online financial system, which is transparent, efficient and available,” said Jeremy Allaire, Circle General Director in a statement made available to CNBC. “When applying for the National Trust Card, Circle takes proactive steps to further strengthen our USDC infrastructure.”
“In addition, we will be in line with the emerging American regulations regarding the emissions and operation of denominated in Stablecouins dollars, which in our opinion may increase the range and resistance of the US dollar and support the development of key, neutral market infrastructure for leading institutions in the world,” he said.