Circle Stock Jumps as Stablecoin Issuer Wins Final Federal Banking Charter Approval
Circle's stock jumped after the stablecoin issuer secured final approval from the OCC to establish a national trust bank. The approval shifts Circle's $73.2 billion stablecoin to a unified federal framework.
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Circle's newly chartered First National Digital Currency Bank, N.A. was authorized to open on or after July 10, 2026, moving the NYSE-listed issuer's custody business under direct federal banking supervision.
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