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Circle Gets Federal Banking License | Bitcoin and Crypto News
Description
Circle just snagged final approval from the U.S. Office of the Comptroller of the Currency to launch Circle National Trust — a federally supervised bank designed to hold and manage digital assets, including the reserves backing its $73 billion USDC stablecoin. This milestone marks a major leap for crypto’s integration into traditional finance, opening doors for select institutions and setting a new standard for transparency and security. It’s part of a broader trend, with Kraken and Crypto.com also racing for banking licenses — signaling that crypto’s future is firmly in regulated, trusted territory.
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