{"id":865240,"date":"2025-06-30T16:27:23","date_gmt":"2025-06-30T20:27:23","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/circle-applies-for-national-trust-charter\/"},"modified":"2025-06-30T16:27:23","modified_gmt":"2025-06-30T20:27:23","slug":"circle-applies-for-national-trust-charter","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/circle-applies-for-national-trust-charter\/","title":{"rendered":"Circle Applies for National Trust Charter"},"content":{"rendered":"

<\/p>\n

Circle Applies for National Trust Charter<\/b><\/p>\n

Approval would help Circle strengthen USDC infrastructure, meet requirements under proposed GENIUS Act and offer custody services to institutional customers<\/i><\/p>\n

NEW YORK–(BUSINESS WIRE<\/a>)–
\nCircle Internet Group, Inc. (NYSE: CRCL), a global financial technology company and stablecoin market leader, has formally submitted an application to the Office of the Comptroller of the Currency (OCC) to establish a national trust bank, First National Digital Currency Bank, N.A.<\/p>\n

\nIf approved, First National Digital Currency Bank, N.A. would be authorized to operate as a federally regulated trust institution, subject to OCC oversight, and would oversee the management of the USDC Reserve on behalf of Circle\u2019s U.S. issuer. An approval would also further strengthen the infrastructure that supports the issuance and circulation of USDC \u2013 the world\u2019s largest regulated payment stablecoin \u2013 and would offer digital asset custody services to institutional customers.<\/p>\n

\nA federally regulated trust charter would also help Circle meet expected requirements under the proposed GENIUS Act legislation, which would represent a meaningful step forward in integrating digital assets into the broader U.S. financial system.<\/p>\n

\n\u201cEstablishing a national digital currency trust bank of this kind marks a significant milestone in our goal to build an internet financial system that is transparent, efficient and accessible,\u201d said Circle Co-Founder, Chairman and CEO Jeremy Allaire. \u201cBy applying for a national trust charter, Circle is taking proactive steps to further strengthen our USDC infrastructure. Further, we will align with emerging U.S. regulation for the issuance and operation of dollar-denominated payment stablecoins, which we believe can enhance the reach and resilience of the U.S. dollar, and support the development of crucial, market neutral infrastructure for the world\u2019s leading institutions to build on.\u201d<\/p>\n

\nCircle\u2019s OCC application builds on the company\u2019s global track record of being first to seek key licenses and authorizations in multiple jurisdictions. In 2015, the company secured the very first NYDFS BitLicense and remains committed to working with NYDFS, the leading digital asset regulator in the U.S. In 2024, Circle became the first global stablecoin issuer to comply with the European Union’s landmark Markets in Crypto-Assets (MiCA) regulatory framework. Most recently, in April of 2025, Circle received in-principle approval from the Financial Services Regulatory Authority of the Abu Dhabi Global Market to operate as a money services provider.<\/p>\n

About Circle Internet Group, Inc.
\n
<\/b>Circle (NYSE: CRCL) is a global financial technology firm that enables businesses of all sizes to harness the power of digital currencies and public blockchains for payments, commerce and financial applications worldwide. Circle is building the world\u2019s largest, most-widely used, stablecoin network, and issues, through its regulated affiliates, USDC and EURC stablecoins. Circle provides a comprehensive suite of financial and technology services that empower enterprises and developers to integrate stablecoins and blockchains into their products, services and business operations. Visit circle.com<\/a> for more information.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20250630375069\/en\/<\/a><\/span><\/p>\n

Media Contact
\n<\/b>
press@circle.com<\/a><\/p>\n

KEYWORDS:<\/b> United States North America New York<\/p>\n

INDUSTRY KEYWORDS:<\/b> Blockchain Internet Cryptocurrency Finance Banking Professional Services Technology Digital Cash Management\/Digital Assets<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
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Circle Applies for National Trust Charter Approval would help Circle strengthen USDC infrastructure, meet requirements under proposed GENIUS Act and offer custody services to institutional customers NEW YORK–(BUSINESS WIRE)– Circle Internet Group, Inc. (NYSE: CRCL), a global financial technology company and stablecoin market leader, has formally submitted an application to the Office of the Comptroller of the Currency (OCC) to establish a national trust bank, First National Digital Currency Bank, N.A. If approved, First National Digital Currency Bank, N.A. would be authorized to operate as a federally regulated trust institution, subject to OCC oversight, and would oversee the management of the USDC Reserve on behalf of Circle\u2019s U.S. issuer. An approval would also further strengthen the infrastructure that supports the … <\/p>\n

Continue reading “Circle Applies for National Trust Charter”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-865240","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nCircle Applies for National Trust Charter - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/circle-applies-for-national-trust-charter\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Circle Applies for National Trust Charter - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Circle Applies for National Trust Charter Approval would help Circle strengthen USDC infrastructure, meet requirements under proposed GENIUS Act and offer custody services to institutional customers NEW YORK–(BUSINESS WIRE)– Circle Internet Group, Inc. (NYSE: CRCL), a global financial technology company and stablecoin market leader, has formally submitted an application to the Office of the Comptroller of the Currency (OCC) to establish a national trust bank, First National Digital Currency Bank, N.A. If approved, First National Digital Currency Bank, N.A. would be authorized to operate as a federally regulated trust institution, subject to OCC oversight, and would oversee the management of the USDC Reserve on behalf of Circle\u2019s U.S. issuer. 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