Welcome DT News

  • CONTACT
  • ABOUT US
Deythere
  • Home
  • News
    image 917
    CryptoMarketNewsSponsored Article

    3 Top Cryptos In August 2025 Set To Ignite The Market Fuse – Get Onboard Before The Ship Sails

    Could choosing the right meme coin this year become the difference between…

    By
    Benedikt Krüger
    August 31, 2025
    image 876
    CryptoMarketNewsSponsored Article
    MoonBull Whitelist Hits the Ground Running As The Best Upcoming Crypto – Could This Eclipse Shiba Inu And Test Before The Bell Rings?
    August 31, 2025
    image 915
    NewsCryptoMarketSponsored Article
    100x Crypto Opportunity: MoonBull Whitelist in High Demand as Brett and SPX6900 Reach New Heights
    August 31, 2025
    image 912
    NewsCryptoMarketSponsored Article
    Meme Coin Mania: MoonBull Charges Toward Next Big Crypto, As Mubarak and Dogwifhat Rise
    August 31, 2025
    image 876
    CryptoMarketNewsSponsored Article
    Bulls Stampeding Ahead: MoonBull Soars As The Best Crypto Whitelist While Turbo And Baby Dogecoin Scramble To Catch Up
    August 31, 2025
  • Cryptocurrency
    image 917
    3 Top Cryptos In August 2025 Set To Ignite The Market Fuse – Get Onboard Before The Ship Sails
    8 Min Read
    image 876
    MoonBull Whitelist Hits the Ground Running As The Best Upcoming Crypto – Could This Eclipse Shiba Inu And Test Before The Bell Rings?
    9 Min Read
    image 915
    100x Crypto Opportunity: MoonBull Whitelist in High Demand as Brett and SPX6900 Reach New Heights
    8 Min Read
    image 912
    Meme Coin Mania: MoonBull Charges Toward Next Big Crypto, As Mubarak and Dogwifhat Rise
    10 Min Read
    image 876
    Bulls Stampeding Ahead: MoonBull Soars As The Best Crypto Whitelist While Turbo And Baby Dogecoin Scramble To Catch Up
    7 Min Read
    image 892
    Chasing Massive Gains? MoonBull Shines as the New Meme Coin While Dogecoin and ApeCoin Keep Climbing
    7 Min Read
    Previous Next
  • Pages
    • Contact Us
    • Customize Interests
    • My Bookmarks
Reading: Circle Files to Become First Federally Regulated Stablecoin Bank in U.S.
Share

[ccpw id=”7831″]

DeythereDeythere
Font ResizerAa
  • Home
  • Crypto
  • Market
  • News
  • Blockchain
  • Contact
Search
  • Home
  • News
  • Cryptocurrency
  • Pages
    • Contact Us
    • Customize Interests
    • My Bookmarks
Have an existing account? Sign In
Follow US
© DT News. All Rights Reserved.
Deythere > News > News > Circle Files to Become First Federally Regulated Stablecoin Bank in U.S.
NewsCrypto

Circle Files to Become First Federally Regulated Stablecoin Bank in U.S.

Circle Files to Become First Federally Regulated Stablecoin Bank in U.S.
Maxwell Mutuma
Last updated: July 1, 2025 8:21 am
By
Maxwell Mutuma
Published July 1, 2025
6 Min Read
Share

Stablecoin issuer Circle has taken a significant step in strengthening its regulatory framework by applying for a national trust bank charter. The filing was with the Office of the Comptroller of the Currency (OCC), where it is still under consideration. If approved, the trust bank would manage Circle’s USDC reserves, which are pegged to satisfy federal regulations.

Contents
Strengthening Its Stablecoin OversightStablecoin Issuer Circle Applies for OCC ApprovalSummaryFAQsWhat is Circle’s objective with the OCC application?How long will the OCC take to decide?Why is a national trust bank important?What impact could this have on other stablecoin issuers?Does Circle already operate under regulation?Glossary of Key TermsReferences: 

The newly suggested First National Digital Currency Bank would be a federally regulated trust institution under the control of the OCC. The decision would enhance the management process and boost the general confidence of the people in Circle’s issuance and circulation of stablecoin. It also tries to advance widespread compliance with pending federal laws.

This development follows Circle’s recent IPO, which raised the company’s valuation and placed it under increased regulatory attention. The OCC will now open a 30-day public comment period before deciding within 120 days. The application signals a bold step toward full integration into the U.S. financial system.

Strengthening Its Stablecoin Oversight

Circle’s decision to pursue a trust bank charter reflects its commitment to tightening the regulatory structure behind USDC issuance. The firm intends to bring greater transparency and federal oversight to its stablecoin reserves. This shift may position the company more favorably under existing and upcoming U.S. regulations.

Stablecoin Issuer Circle
Tom Dunleavy: Source: X

The proposed national trust bank would directly manage the USDC Reserve on behalf of Circle’s U.S. affiliate and establish a federal-level control mechanism over the digital dollar’s backing. This move could help meet anticipated standards under future legislation, including the GENIUS Act.

The charter would create a dedicated structure for Circle to segregate its core stablecoin reserve functions. It also helps isolate risk and introduce accountability under the federal banking system. If approved, it may raise the bar for other stablecoin firms seeking legitimacy.

Stablecoin Issuer Circle Applies for OCC Approval

With this application, Stablecoin issuer Circle is staking a claim on federal credibility, which could set a precedent for others in the industry. It reflects a trend where crypto firms seek traditional banking licenses to build public and regulatory confidence. The strategy also signals a shift from decentralized operations to a more structured financial model.

Other companies are also moving in this direction, including Fidelity’s crypto unit, which reportedly filed for a similar license. The OCC previously granted a charter to Anchorage Trust Company, now Anchorage Digital Bank, showing that a precedent exists. This suggests a growing interest in stablecoin regulation under established financial norms.

Stablecoin Issuer Circle
Eleanor Terrett: Source: X

Circle’s increased market capitalization following its IPO gives it more leverage to meet compliance standards. The company is setting itself along the lines of American policy and proving that it can exercise governance at an institutional level. Its active position can potentially influence the actions of other companies regarding the regulation of their futures.

Summary

Circle, the stablecoin issuer behind USDC, has filed for a national trust bank charter with the OCC to enhance regulatory oversight. If approved, the bank will manage the USDC Reserve under federal regulation, improving accountability. This move aligns with proposed legislation and may influence other stablecoin firms to follow. Circle’s approach marks a strategic shift toward institutional trust and transparent stablecoin operations.

FAQs

What is Circle’s objective with the OCC application?

Circle aims to establish a federally regulated trust bank to manage its USDC reserves more transparently and securely.

How long will the OCC take to decide?

The OCC opens a 30-day public comment period and typically decides within 120 days of the completed application.

Why is a national trust bank important?

It allows Circle to operate under federal regulation, increasing trust in its stablecoin operations and reserve management.

What impact could this have on other stablecoin issuers?

It may prompt other stablecoin firms to seek similar licenses to maintain credibility and meet compliance expectations.

Does Circle already operate under regulation?

Yes, but the national charter would introduce federal oversight, adding another layer of institutional accountability.

Glossary of Key Terms

Stablecoin: A digital currency pegged to a fiat currency, often used for reducing volatility in crypto transactions.

OCC: The Office of the Comptroller of the Currency, a U.S. regulator that supervises national banks.

USDC: USD Coin, a stablecoin issued by Circle and pegged 1:1 to the U.S. dollar.

National Trust Bank: A federally regulated banking entity that manages fiduciary services including asset custody and reserves.

GENIUS Act: Proposed U.S. legislation aimed at regulating stablecoins and ensuring reserve transparency.

IPO: Initial Public Offering; when a company offers its shares to the public for the first time.

Digital Currency: A form of currency available only in digital format, not in physical form like banknotes or coins.

Charter Application: A formal request submitted to a regulator to form a licensed financial institution.

Federal Oversight: Supervision by national regulatory bodies to ensure compliance and risk control in financial operations.

Market Capitalization: The total value of a company’s shares of stock on the open market.

References: 

Coindesk

X

X

CNBC

Advertising

For advertising inquiries, please email . [email protected] or Telegram

Experts Warn: Bitcoin May Face Risks Even Beyond $100,000!

When Will Bitcoin Reach a New All-Time High? Key Data Insights!

SBI Expands Digital Finance Strategy with Chainlink’s Cross-Chain Tech

Why Argentina Launches High-Stakes Probe Into $LIBRA Crypto Scandal

Eigenlayer Revolutionizes Crypto Security with Next-Gen Permissionless Token Support

TAGGED:circleStablecoinUSDC

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Email Copy Link Print
ByMaxwell Mutuma
Follow:
Maxwell is a crypto-economic analyst and Blockchain enthusiast, passionate about helping people understand the potential of decentralized technology. I write extensively on topics such as blockchain, cryptocurrency, tokens, and more for many publications. My goal is to spread knowledge about this revolutionary technology and its implications for economic freedom and social good.
Previous Article TRX price DOGE price Bitcoin price XRP, TRX, and DOGE Funding Rates Soar While Bitcoin Holds Flat
Next Article Ethereum Roars Back: $2.9B in Inflows and Robinhood’s Layer-2 Ignite Rally Ethereum Roars Back: $2.9B in Inflows and Robinhood’s Layer-2 Ignite Rally
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow US

Find US on Socials
FacebookLike
XFollow
YoutubeSubscribe
TelegramFollow
Subscribe to our newslettern

Get Newest Articles Instantly!

- Advertisement -
Ad image
Popular News
crypto 2024
Crypto Derivatives Market Heats Up as Innovative Products Emerge
crypto approval
Blockchain Revolutionizes Energy Markets with Decentralized Trading Platforms
crypto news
Cutting-Edge Mining Technologies Drive Efficiency in Cryptocurrency Production

Follow Us on Socials

We use social media to react to breaking news, update supporters and share information

Twitter Youtube Telegram Linkedin
Deythere

DT News influence 20 million users and is the number one business blockchain and crypto news network on the planet.

Subscribe to our newsletter

You can be the first to find out the latest news and tips about trading, markets...

Menu

  • Home
  • News
  • Sitemap
© DT News. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?

  • English