Reported about 20 hours ago
Circle, the stablecoin firm, is applying for a national trust bank license in the U.S. following its IPO, which valued the company at nearly $18 billion. This license would allow Circle to manage its own reserves and hold crypto assets for institutional clients, although it cannot accept cash deposits or make loans. The move comes as a federal regulatory framework for stablecoins is being considered by Congress, potentially paving the way for broader acceptance of stablecoins in traditional finance.
Source: YAHOO