{"id":25034,"date":"2025-07-01T10:35:25","date_gmt":"2025-07-01T07:35:25","guid":{"rendered":"https:\/\/forklog.com\/en\/circle-seeks-u-s-trust-bank-license\/"},"modified":"2025-07-01T10:35:25","modified_gmt":"2025-07-01T07:35:25","slug":"circle-seeks-u-s-trust-bank-license","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/circle-seeks-u-s-trust-bank-license\/","title":{"rendered":"Circle Seeks U.S. Trust Bank License"},"content":{"rendered":"

Circle has submitted an application to the U.S. Office of the Comptroller of the Currency for a national trust bank license, according to Reuters<\/a>.<\/p>\n

This new status would allow the firm to act as a custodian for its own reserves and hold crypto assets on behalf of institutional clients. However, the license would not permit the acceptance of cash deposits or the issuance of loans. <\/p>\n

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“Circle has long aimed to achieve the highest standards of trust, transparency, governance, and compliance. Becoming a public company<\/a> is a significant part of that. Becoming a national trust company is the continuation,” said the company’s CEO Jeremy Allaire in an interview with journalists.<\/p>\n<\/blockquote>\n

According to him, the new structure will manage Circle’s reserves in USDC, although some of these will still be held in major banks.<\/p>\n

The company will also focus on providing custodial services for assets such as stocks and bonds, which are represented as tokenized tokens on blockchains.<\/p>\n

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“[\u2026] if we succeed in obtaining approval as a national trust, it will provide us with a foundation upon which the world’s leading institutions can confidently build,” Allaire added.<\/p>\n<\/blockquote>\n

At the time of writing, CRCL shares are valued at $181. Over the past trading week, the asset has lost about 30%.<\/p>\n

\"Snimok-ekrana-2025-07-01-v-10.27.42\"
Data: Yahoo.Finance<\/a>.<\/figcaption><\/figure>\n

In June, Circle’s head predicted<\/a> an imminent stablecoin revolution. In his view, developers have yet to realize the potential of programmable money. <\/p>\n","protected":false},"excerpt":{"rendered":"

Circle has submitted an application to the U.S. Office of the Comptroller of the Currency for a national trust bank license, according to Reuters. This new status would allow the firm to act as a custodian for its own reserves and hold crypto assets on behalf of institutional clients. However, the license would not permit […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1220,26],"class_list":["post-25034","post","type-post","status-publish","format-standard","hentry","category-news-and-analysis","tag-circle","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"53","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/25034","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=25034"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/25034\/revisions"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=25034"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=25034"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=25034"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}