Traders work on the floor of the New York Stock Exchange (NYSE) on June 5, 2025, the day of the IPO of Circle Internet Group in New York City, USA.
Brendan McDermid | Reuters
Stablecoin Issuer Circle Internet Group CNBC confirmed that the company applied for the National Trust Bank Charter after its debut this month to bring it into the traditional financial world.
Shares rose 1% after get off work.
If the Office of the Auditor General of Currency awards the bank charter, Circle will establish the first national digital currency bank, NA under Charter, Circle, the bank issuance USDC Stablecoinin the future, will also be able to provide custody services to institutional clients to acquire assets, which may include representatives of stocks and bonds on the blockchain network.
Reuters First report in Circle’s bank charter application.
There are no plans to change the management of Circle USDC reserves, and the reserve currently works with other major banks.
Anchor numbers are the only other crypto company Obtain such a license.
The action of the circle is A very successful IPO and first transaction month in the public market. The company’s shares rose 484% in June. The company is also benefiting from the optimism wave in the Senate Genius Lawwhich will provide the United States with a stable regulatory framework.
Having a federally regulated trust charter will also help meet the requirements set out in the Genius Act.
“The establishment of such a national digital currency trust bank marks an important milestone in our establishment of a transparent, efficient and easy-to-use Internet financial system,” Circle CEO Jeremy Allaire said in a statement shared with CNBC. “By applying for the National Trust Charter, Circle is taking positive steps to further strengthen our USDC infrastructure.”
“In addition, we will be related to emerging regulations to issue USD-denominated payment stablecoins, which we believe can increase the coverage and resilience of the USD and support the development of building vital market neutral infrastructure for the world’s leading leading institutions,” he said.
