🏦 Circle launches crypto bank to back USDC

The company behind $USDC , Circle, submitted its application to launch the First National Digital Currency Bank, a national trust bank in the U.S. Its goal: to custody reserves, issue USDC under federal regulation, and anticipate the GENIUS Act.

This move seeks to further legitimize USDC as the #Stablecoins most transparent and regulated in the market. Additionally, it will allow Circle to offer financial services at an institutional scale, without relying on state licenses.$ADA

🚀 When a stablecoin has its own bank… it’s no longer an experiment, it’s infrastructure.$SOL

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