Circle’s Bank Bid Could Be The Biggest Crypto Story Of The Year

Circle Internet Group Holdings, Inc. (NASDAQ:CRCL) shares are moving higher Tuesday after the company applied for a national bank charter in a move that could have significant upside for the stock. 

Some of the benefits for Circle would include alignment with new federal regulatory requirements and oversight, strengthened infrastructure supporting its USDC (CRYPTO: USDC) stablecoin. 

Direct Federal Oversight and Regulatory Alignment

If the application is approved, Circle would become one of only two crypto firms (alongside Anchorage Digital) to hold a national trust bank license, distinguishing itself from competitors as a federally regulated trust institution under the oversight of the Office of the Comptroller of the Currency. 

It would also position Circle to comply with the …

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