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Circle Makes Bold Power Play: Files for National Trust Bank Charter in 2025

Circle Makes Bold Power Play: Files for National Trust Bank Charter in 2025

Author:
Coindesk
Published:
2025-06-30 20:35:43
20
1

Circle Applies for National Trust Bank Charter

Crypto giant Circle just dropped a regulatory bombshell—staking its claim as the next bridge between digital assets and traditional finance.

The move? A full-throated bid for a National Trust Bank Charter. No half-measures here—this is the company that brought you USDC doubling down on legitimacy.

Why it matters: Banking charters are the golden tickets in finance. They’re how you go from "risky crypto startup" to "accredited financial institution" overnight. The irony? It’s the same system crypto was supposed to dismantle.

What’s next: Watch for regulators to either embrace this as progress…or slow-walk approval like a Wall Street banker eyeing a decentralized threat. Either way—Circle’s playing chess while others play checkers.

Closing thought: Nothing says ‘financial revolution’ like begging permission from the very institutions you aimed to disrupt. But hey—if you can’t beat ‘em, join ‘em…then charge fees.

|Square

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