Stablecoin Issuer Circle is applied for a National Bank Charter

Stablecoin Issuer Internet group circle Approving CNBC is approved, the National Trust Bank applied for the charter, the company’s major market appealed to the traditional financial world to bring stablecoins to the traditional financial world.

Shares increased by 1% after hours.

Currency Comptoler office receives a grant of the bank charter, the circle will present the first national digital exchange bank, NA Neger, circle USDC StablecoinIn the future, they will be able to offer institutional customer control services that can submit representations of institutional customers, stocks and bonds in a Blockchain network.

Reuters First, the Constituency Bank informed about the application of a bank charter.

There are currently no plans to change the USDC resource management of the circle with other large banks.

Anchoric Digital is the only other crypto to obtain such a license.

The circle movement comes after a wildly successful iPo and the month of trade in the state markets. The company’s shares increased by 484% in June. The company also benefits from the senate from the wave of optimism The passage of the genius movementThe United States will give a regulatory database for stablecoins.

Federally adjustable confidence charter will help meet the circle requirements under the circle law.

“The creation of a national digital currency trust is a significant stage in our goal, transparent, effective, effective and accessible Internet financial system,” CEO CEO Jeremy Allaire said in a statement shared with CNBC. “Appealing to the National Trust Charter, the circle is actively steps to further strengthen our USDC infrastructure.”

“In addition, we will adapt to the US regulation for the provision and operation of the United States and operation of the United States, supporting the development of market neutral infrastructure for world leading organizations for world leaders and leading organizations.