🚨 JUST IN: 🇺🇸 USDC issuer Circle has officially applied for a national trust bank license in the U.S.
If approved, Circle would launch “First National Digital Currency Bank, N.A.”
💡 What this means: 🔹 Circle wants direct federal oversight
🔹 Aims to custody its USDC reserves in-house
🔹 Moves closer to handling tokenized real-world assets
🔹 Aligns with the proposed GENIUS Act on stablecoin regulation
Circle just IPO’d with an ~$18B valuation, and now it's making a bold push into traditional finance 🔥
This could reshape the future of stablecoins and crypto banking 🏦
