Circle Applies for National Trust Charter
If approved, First National Digital Currency Bank, N.A. would be authorized to operate as a federally regulated trust institution, subject to OCC oversight, and would oversee the management of the USDC Reserve on behalf of Circle's U.S. issuer. An approval would also further strengthen the infrastructure that supports the issuance and circulation of USDC – the world's largest regulated payment stablecoin – and would offer digital asset custody services to institutional customers.
A federally regulated trust charter would also help Circle meet expected requirements under the proposed GENIUS Act legislation, which would represent a meaningful step forward in integrating digital assets into the broader U.S. financial system.
'Establishing a national digital currency trust bank of this kind marks a significant milestone in our goal to build an internet financial system that is transparent, efficient and accessible,' said Circle Co-Founder, Chairman and CEO Jeremy Allaire. 'By applying for a national trust charter, Circle is taking proactive steps to further strengthen our USDC infrastructure. Further, we will align with emerging U.S. regulation for the issuance and operation of dollar-denominated payment stablecoins, which we believe can enhance the reach and resilience of the U.S. dollar, and support the development of crucial, market neutral infrastructure for the world's leading institutions to build on.'
Circle's OCC application builds on the company's global track record of being first to seek key licenses and authorizations in multiple jurisdictions. In 2015, the company secured the very first NYDFS BitLicense and remains committed to working with NYDFS, the leading digital asset regulator in the U.S. In 2024, Circle became the first global stablecoin issuer to comply with the European Union's landmark Markets in Crypto-Assets (MiCA) regulatory framework. Most recently, in April of 2025, Circle received in-principle approval from the Financial Services Regulatory Authority of the Abu Dhabi Global Market to operate as a money services provider.
About Circle Internet Group, Inc.
Circle (NYSE: CRCL) is a global financial technology firm that enables businesses of all sizes to harness the power of digital currencies and public blockchains for payments, commerce and financial applications worldwide. Circle is building the world's largest, most-widely used, stablecoin network, and issues, through its regulated affiliates, USDC and EURC stablecoins. Circle provides a comprehensive suite of financial and technology services that empower enterprises and developers to integrate stablecoins and blockchains into their products, services and business operations. Visit circle.com for more information.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
15 minutes ago
- Yahoo
Jim Cramer Says Circle Internet's Price 'Can't Be Justified By Any Imagination'
Circle Internet Group (NYSE:CRCL) is one of the 14 stocks Jim Cramer recently looked at. While discussing the stock, Cramer noted that its valuation is unjustifiable. He said: 'Take Circle Internet Group… Of course, Circle's current price is crazy. Can't be justified by any imagination. Don't take it from me. Take it from the firm that bought it public, JPMorgan. Today, on the first day of Wall Street coverage, JPMorgan initiated its coverage on Circle with an Underweight rating, that's a sell, saying the stock's valuation is being 'pushed outside our comfort zone'. They're using an $80 price target, and that's already factoring a nice premium for investment enthusiasm. A professional investor in a bespoke suit calmly analysing a stock exchange chart. Circle (NYSE:CRCL) provides a platform supporting stablecoins and blockchain-based financial applications, which offers tools for payments, liquidity, tokenized assets, and developer integration through its U.S. dollar-denominated stablecoin network. While we acknowledge the potential of CRCL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None.
Associated Press
18 minutes ago
- Associated Press
NA-LUBE AW-6110 Officially Included on the LuSC-List
At King Industries, we know the path to EU Ecolabel certification starts with high-performance, eco-compatible chemistries. Our portfolio of lubricant additives and base oil modifiers contains many products that have been assessed and included on the Lubricant Substance Classification list (LuSC-list). NORWALK, CT / ACCESS Newswire / July 2, 2025 / Whether you're developing hydraulic fluids, greases, or gear oils, King Industries, Inc. products help meet the demanding criteria of the EU Ecolabel while providing exceptional performance. Now officially included on the LuSC-list, NA-LUBE® AW-6110, the multifunctional, ashless antiwear additive is King's newest tool for use in environmentally responsible lubricants. Why choose NA-LUBE® AW-6110? NA-LUBE® AW-6110 has excellent solubility in a variety of base fluids, allowing for versatile use in many applications, including: Ready to formulate for the future? Whether you are looking to update existing products or develop new formulations that meet EU Ecolabel requirements, our team is here to help. Contact our technical team today to request a sample or formulation guidance. Let's build greener, more efficient lubricants - together. Have questions or just curious? Reach out to us-no pressure, no commitment. Contact us below! Contact Information Willi Gartner Sales Manager - Lubricant Additives 203-866-5551 SOURCE: King Industries, Inc. press release
Associated Press
18 minutes ago
- Associated Press
PS Miner Launches Groundbreaking USDC Cloud Mining Platform Offering Daily Rewards and Zero-Cost Access
Eastleigh, England, UK, July 02, 2025 (GLOBE NEWSWIRE) -- As financial uncertainty increases, more people are choosing to invest in digital assets for safety and growth. PS Miner announced its latest feature—an exciting cloud mining service—that enables users to earn USDC while using the platform. The USDC-based cloud mining platform promises to deliver stable daily rewards and referral bonuses, at no out-of-pocket cost to the user! This shift allows you to earn daily income through blockchain-based mining easily without the need for investment capital, technical expertise, or hardware. Based on usability, the people behind PS Miner are emphasizing transparency and sustainability—it is becoming one of the most accessible and user-friendly platforms to engage with crypto. Why PSMiner Chose USDC: A Stablecoin Built for Consistency Most networks reward users in volatile cryptocurrencies. By offering payouts in USD Coin (USDC),PS Miner provides a critical advantage: price stability. USDC is a regulated, dollar-pegged stablecoin, providing transparency and consistent value. Paying mining reward in USDC means PS Miner users receive income linked to fiat that they can withdraw or reinvest or exchange whenever they wish with no concern of the market dropping. This gives the platform a way to be perceived not only as a mining service but also as a source of stable income for existing investors and individuals new to crypto Free $12 USDC Contract for Every New User To lower the barrier of entry and promote accessibility, PS Miner provides every registered user with a $12 USDC cloud mining contract—absolutely free. This bonus is activated instantly upon sign-up and allows users to start earning real income without spending a single cent. There's no need to purchase costly mining equipment or install Miner handles the mining process behind the scenes through its network of high-performance data centers, letting users profit passively from the moment they join. Key Highlights: Expand Your Earnings Through Referrals PS Miner also offers a robust referral bonus program designed to help users multiply their income organically. Once registered, each user receives a personalized invitation link that can be shared across platforms like social media, forums, and private groups. When someone joins and begins earning using your link, you receive a percentage of their mining rewards as a bonus. This referral income is: A User-Centric Platform Built for Control and Simplicity One of PS Miner's strongest features is its intuitive user interface, which gives members full control over their mining experience. Through the personal dashboard, users can: Security is another core pillar. All user data is safeguarded with bank-grade encryption, and earnings are managed using smart contract systems that ensure accuracy, transparency, and timely distribution. Powered by Green Energy: Sustainable Mining Infrastructure In contrast to traditional mining operations that rely on fossil fuels and costly rigs, PS Miner operates using eco-friendly, renewable energy sources across its international data centers. With over half a million mining units, the platform is designed for scalability while minimizing environmental back-end uses smart resource allocation technology to optimize mining profitability—ensuring that every user, regardless of their starting tier, receives the best possible return based on real-time market conditions. How to Join and Start Earning PS Miner is structured to be accessible to anyone, regardless of background or financial position. Here's how easy it is to get started: No maintenance, no hidden fees, and no technical steps are required. Why PS Miner is the Smart Choice What sets ps Miner apart from others in the industry is its zero-risk entry point, stablecoin rewards, and transparent operations. Here's a quick summary of why users trust and recommend this platform: Whether your goal is to supplement income, build a crypto portfolio, or start a referral-based income stream, PS Miner gives you the tools and ecosystem to grow—reliably and sustainably. Final Thoughts: Passive Crypto Income Starts Here The launch of PS Miner's USDC cloud mining platform signals a major milestone in accessible, risk-free digital asset income. For users around the world who want stable daily earnings, zero-cost entry, and unlimited growth potential, this platform delivers all that and more. With a transparent model, strong community incentives, and a reliable payout system, PS Miner proves that cloud mining can be both easy and profitable—no matter your experience level. Get started now at Claim your free $12 USDC contract, invite others, and begin earning stable daily rewards—completely risk-free. Disclaimer: The information provided in this press release does not constitute an investment solicitation, nor does it constitute investment advice, financial advice, or trading recommendations. Cryptocurrency mining and staking involve risks and the possibility of losing funds. It is strongly recommended that you perform due diligence before investing or trading in cryptocurrencies and securities, including consulting a professional financial advisor. Name: Amy Wilson Email: [email protected] Job Title: Advertising Director
