BUSINESSQUARTZ
Circle won federal approval to operate as a trust bank — and its stock surged
Circle received federal approval to operate as a trust bank, placing its USDC reserve infrastructure under direct federal oversight and enabling the company to offer digital asset custody services. The approval coincided with a surge in Circle's stock price.
Related Signal
Adjacent reporting
- Circle secures U.S. trust bank approval in crypto expansion
- Stablecoin issuer Circle just got the greenlight to operate as a bank. The shares are up 12%
- Coinbase just got conditionally approved to become a federally regulated bank and nobody seems to know how to feel about it
- Stablecoin firm Circle wins final OCC approval to open national trust bank
- Trump-backed World Liberty Financial nears OCC approval for federal trust charter: report
- Mastercard Secures New York BitLicense to Advance Digital Asset Strategy