CIRCLE RECEIVED APPROVAL TO ESTABLISH A NATIONAL TRUST BANK IN THE U.S.

Circle received preliminary approval from the U.S. regulator to create the First National Digital Currency Bank, which will allow the company to hold USDC reserves and provide services to institutional clients.

▫️The bank will operate under the oversight of a U.S. federal regulator

▫️Circle will be able to hold part of the USDC reserves within its own regulated banking structure

▫️The new status will strengthen the position of USDC and expand opportunities to work with institutional clients

Obtaining a banking license reflects the U.S. policy of integrating digital assets into the traditional financial system and reinforces Circle’s position as one of the key stablecoin issuers.