Circle Seeks US Banking Charter for USDC Expansion Post-$18B IPO
Circle, the issuer of the USDC stablecoin, has filed for a national trust bank charter in the U.S. following its successful June 5 IPO that valued the company at $18 billion. This strategic MOVE highlights Circle's push to strengthen its role in digital finance while complying with regulatory requirements.
The application reflects increasing institutional acceptance of stablecoins as a bridge between traditional banking and blockchain systems. As the second-largest stablecoin by market cap, USDC's regulatory progress could establish new frameworks for crypto businesses operating within banking systems.