Circle's new OCC-chartered trust bank gives USDC federal custody backing, sending CRCL up 10%+ as it claws back OpenUSD selloff losses.
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Scott Melker dives into Circle winning approval to become a federally regulated bank, New Hampshire and it's $100 million bitcoin bond, the CLARITY Act being stuck, and other big crypto headlines. "The Daily Wolf with Scott Melker" airs every day at 12:00 p.m. Tune in for your daily dose of all things crypto. Make sure to also check out Yahoo Finance's crypto hub to find the latest crypto-related news.
Federal trust charter expands Circle's custody services and consolidates oversight under the OCC.
The OCC granted final approval for Circle National Trust
Circle secured final OCC approval to establish a national trust bank, shifting its $73.2 billion stablecoin to a unified federal framework.
Circle Internet shares jump after the company says it won regulatory approval to establish a crypto national trust bank.
A federal banking charter sent Circle stock surging Friday, but with 69% losses over the past year and a rival stablecoin backed by Visa looming, the question is whether this rally marks a turning point or just a dead-cat bounce.