Techub News reports that stablecoin issuer Circle (CRCL.K) is applying to establish a national trust bank in the United States, according to CNBC. If the Office of the Comptroller of the Currency (OCC) approves this charter, Circle will be able to act as a custodian for its own reserves and hold cryptocurrency assets on behalf of institutional clients. However, unlike traditional banks, this charter does not allow Circle to accept cash deposits or issue loans. Currently, cryptocurrency platform Anchorage Digital is the only digital asset company with a national trust bank charter. Experts and analysts indicate that once the bill is signed into law, it could pave the way for more traditional financial institutions and retailers to incorporate stablecoins into their operations.