Circle receives final regulatory approval for US trust bank, shares rise
Circle has received the final regulatory approval from the U.S. Office of the Comptroller of the Currency to establish a national trust bank, leading to an immediate 10% surge in its premarket trading shares. The charter allows Circle to act as custodian for crypto assets and expand into traditional finance services.
Tickers: $CRCL
Topics: blockchain digital_assets financial_regulation stablecoins