Stablecoin Giant Circle Wants to Be Its Own Bank, Applies for National Trust License - Circle is seeking approval from the OCC to establish a national trust bank to oversee its USDC stablecoin reserves.

Circle applies for US banking license, enabling it to act as custodian for USDC reserves: report - Circle has applied for a national banking license, according to Reuters. which would enable it to act as a custodian for its own reserves.

Circle Applies for National Trust Bank Charter - Circle (CRCL), the company behind the USDC stablecoin, said Monday it has filed an application with the Office of the Comptroller of the Currency to form a federally regulated national trust bank.A federal trust charter would bring Circle under direct OCC oversight, aligning it with how tradition...

Circle Valuation Is 'Outside Our Comfort Zone,' Initiate at Underweight: JPMorgan - Wall Street heavyweight JPMorgan (JPM) initiated coverage of stablecoin issuer Circle (CRCL) with an underweight rating and an underwhelming $80 price target. The shares were trading 4.5% higher at around $189 at publication time.Circle is well positioned, the bank said, and its USDC stablecoin h...

Anchorage to Phase Out USDC, Agora USD Citing Risks, Stirring Fierce Backlash - Anchorage Digital, a crypto custodian and federally chartered bank, said it will start phasing out and direct institutional clients to convert USDC USDC and other stablecoins into rival token Global Dollar (USDG) in a sweeping move that drew criticism from industry players.The firm released a "St...

CoinDesk Weekly Recap: Stablecoins Dominate the Cycle - With the near-passage of the GENIUS Act and a host of companies announcing stablecoin initiatives, stablecoin-related assets have been on a tear. Circle, issuer of USDC, has seen its stock rise about 500% since its debut on June 5. This week, the company was valued at a staggering $77 billion, wh...

Trump-Linked DeFi Project World Liberty Teams With Re7 for USD1 Stablecoin Vault - World Liberty Financial (WLF), the decentralized finance (DeFi) protocol associated with U.S. President Donald Trump and his family, is working with Re7 Labs to establish a vault for its USD1 stablecoin on lending platforms Euler and Lista, the companies said in a statement Friday.The move is par...

How Trump Family, Hut 8, and Tether Fast-Track a New Era of Hyper-Scale Bitcoin Mining - Tether’s mining push and a high-profile Trump–Hut 8 alliance are redefining Bitcoin mining in 2025. While institutional players gain ground, market volatility and energy costs threaten smaller miners' survival.The post How Trump Family, Hut 8, and Tether Fast-Track a New Era of Hyper-Scale Bitcoi...

Dinari first to secure US license to offer tokenized stocks: Reuters - So far platforms like Dinari have only been able to offer tokenized equities like Tesla and Apple to users outside the United States.

Taurus Releases Open Source Privacy Tech for Stablecoins, Starts With Circle's USDC - Taurus, the Swiss crypto custody technology firm that counts Deutsche Bank among its customers, is rolling out a zero-knowledge proofs (ZKP) privacy layer for stablecoins, starting with Circle’s USDC.Taurus’s zero-knowledge carapace for stablecoins, a way of secretly sharing details about private...

Ex-Blackstone, Tether Execs Seek $1B to Build Multitoken Crypto Treasury: Bloomberg - A blank-check company backed by former Blackstone dealmaker Chinh Chu and Tether co-founder Reeve Collins is looking to raise $1 billion to build a publicly traded cryptocurrency treasury firm, Bloomberg reported citing sources familiar with the plans.The vehicle, M3-Brigade Acquisition V, plans ...

Ethereum-based stablecoin adoption hits fresh all-time high with over 750,000 unique weekly users — a new all-time high - Together, USDT and USDC account for the majority of the approximately $134 billion total stablecoin market on the network.

The Daily: BTC treasury companies having a weaker impact on price than ETFs, Tether sets sights on becoming the largest bitcoin miner, and more - The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

Circle Issues $250 Million in New USDC on Solana - Blockchain data show that Circle, the issuer of the USD Coin stablecoin, created roughly 250 million USDC (about $249.9 million) in a single transaction on the Solana network on 24 June.

USDC Issuer Circle Stumbles on Neutral Rating From Compass Point - Circle stock falls 6% on analyst skepticism despite stablecoin growth potential, as USDC market share declines amid rising competition concerns.

Dragonfly-Backed Codex Launches Blockchain for Stablecoins with Native USDC Support - The stablecoin-focused blockchain has launched with backing from Circle Ventures, aiming to meet rising demand for USD-pegged tokens.