Approval will help enhance USDC infrastructure, meet the requirements under the proposed genius law and provide custody services to institutional customers
New York – (Business Wire) -Circle Internet Group, Inc. (NYSE: CRCL), a global financial technology company and the leader of Stablecoin Market, officially submitted a request to the Currency Financial Office (OCC) to establish a national confidence bank, the first national cryptocurrency bank, NA
If approved, Na Na Na Nat Digital Currency Bank will be declared, as it works as a federal organized confidence organization, taking into account the supervision of OCC, and will supervise the USDC reserve management on behalf of the United States. Approval also will enhance the infrastructure that supports the USDC version and trading – the largest organized batch in the world – and will provide digital asset nursery services to institutional customers.
The Federal Organizing Confidence Charter will also help the circle of fulfillment of the expected requirements under the legislation of the proposed genius law, which will represent a meaningful step forward in integrating digital assets into the wider US financial system.
““The establishment of a national bank trust bank of this type represents a great milestone in our goal in building a financial, effective and accessible financial system,” said co -founder, president, CEO, CEO, CEO, CEO, CEO, CEO and CEO Jeremy Aller.By applying for the National Confidence Charter, Circle takes proactive steps to increase our USDC’s infrastructure enhancement. Moreover, we will agree with the emerging American regulations for the issuance and operation of Stablecoins, which we think can enhance the arrival of the US dollar and its support to develop decisive and neutral infrastructure in the market for the world’s leading institutions to build on. “
The OCC app relies on Circle on the company’s global record of being the first to search for the main licenses and licenses in multiple judicial powers. In 2015, the company obtained the first NYDFS BitLicense and is still committed to working with NYDFS, a leading digital asset organizer in the United States in 2024, and Circle became the first global STADCOOIN source corresponding to the Markets for the European Union. Recently, in April 2025, Circle has received approval in the principle of the organizational authority for financial services in the Abu Dhabi Global Market to work as a money service provider.
About Circle Internet Group, Inc.
Circle (NYSE: CRCL) is a global financial technology company that enables companies of all sizes to harness the strength of digital currencies and public files for payments, trade and financial applications worldwide. Circle builds the world’s largest network, the most used, and problems, through organized subsidiaries, USDC and EURC Stablecoins. Circle provides a comprehensive set of financial and technological services that enable institutions and developers to integrate Stablecoins and Blockchains into their products, services and commercial operations. Visit Circle.com For more information.
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