Stablecoin issuer Circle applies for a national bank charter

Source Stablecoin Circle Internet Group She applied for the National Trust Bank, moving forward with her mission to bring Stablecoins to the traditional financial world after appearing in the company’s large market this month.

The shares rose 1 % after hours.

If the currency observer office grants the bank charter, Circle will create the first national currency bank, NA under the Charter, Circle, which is issued USDC StablecoinHe will also be able to provide future nursery services to institutional assets, which can include stock and bond representations on Blockchain.

Reuters The first time was reported to be reported to request the Circle Bank Charter.

There are no plans to change Circle’s USDC backup management, which are currently being held with other major banks.

Anchorage Digital is the only other encryption company To obtain such a license.

Move the circle yet Successful public subscription in a great way And the month of trading for the first time on public markets. The shares of the company rises by 484 % in June. The company also benefits from a wave of optimism after the Senate The passage of the genius lawWhich would give the United States an organizational framework for Stablecoins.

The presence of the Federal Organization Confidence Charter will also help meet the requirements under the genius law.

Jeremy Aller, CEO of Serkel, said in a joint statement with CNBC: “The establishment of a national banking bank of this type represents a great milestone in our goal of building a financial, transparent, effective and accessible financial system,” said Jeremy Aller, CEO of Serkel in a joint statement with CNBC. “By applying for a national trust charter, Circle takes pre -emptive steps to enhance our USDC infrastructure.”

“Moreover, we will agree with the emerging American regulations for the issuance and operation of Stablecoins, which we believe in the dollar, which we believe can enhance the arrival of the US dollar and its support to develop the neutral infrastructure in the neutral market of the global construction institutions.”