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Regulatory Licenses, Registrations, and Approvals

Circle applies to establish the first Digital Money trust bank in the United States.

2025-07-01 01:14:41

BOT-8.37%

According to Gate News bot, as reported by Reuters, stablecoin issuer Circle has submitted an application for a trust bank license to U.S. regulators. Circle plans to establish a national trust bank in the United States, named First National Digital Currency Bank, N.A. Once the application is approved, the bank will have reserve custody authority and will be able to provide encryption asset custody services for institutional clients.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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