Circle Applies to Establish First Digital Currency Bank in the US, Focusing on USDC Trust and Institutional Services

Circle has submitted an application to the U.S. Office of the Comptroller of the Currency (OCC) to establish the first digital currency bank in the United States. The bank will focus on providing USDC-related trust functions, reserve management, and institutional-grade custody services, rather than traditional banking services. (Cointelegraph) [Odaily Planet Daily News]