Circle (CRCL) Stock Surges After Winning Approval to Launch Trust Bank
Shares of stablecoin issuer Circle (CRCL) rose on Friday after the company earned approval to establish a trust bank. The stock surge followed the announcement of this regulatory approval.
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Operating as Circle National Trust, the OCC-chartered bank will offer fiduciary digital-asset custody, with management of reserves backing USDC's roughly $73 billion circulation planned as a future capability.
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