Circle’s Bank Charter Application Game Changer in the Banking Industry

Physical IDs: Real-time verification of government-issued documents with industry-leading accuracy and fraud detection safeguards.
Digital IDs: Integration with next-generation identity ecosystems that support frictionless and secure digital onboarding.
Software Agents (KYA): Verification of non-human entities—such as AI agents and bots—ensuring transactional integrity in increasingly automated banking environments.

Mission for Circle is to bring stablecoins into the established financial markets

07/01/2025 - 08:44
|
Written by Banking Exchange staff

Circle Internet Group, the issuer of the USDC stablecoin, turned in its bank charter application to the Office of the Comptroller of the Currency yesterday, looking to establish a national trust bank.

The mission for Circle is to bring stablecoins into the established financial markets.

The move sent the stock even higher yesterday after great gains the previous week. If approved, Circle would roll out the First National Currency Bank, N.A..

The move would also allow Circle to offer institutional clients custody services.

Circle is Wall Street’s darling this much pushing close to a 500% increase, helped by the passage of the Genius Act.

Tagged under Tokenization; Feature; Feature3; Cryptocurrency; Bitcoin; Stablecoin;