{"id":37334,"date":"2025-07-01T07:52:47","date_gmt":"2025-07-01T07:52:47","guid":{"rendered":"https:\/\/dev.tradesilvania.com\/circle-seeks-bank-status-to-manage-crypto-reserves-in-the-u-s\/"},"modified":"2025-07-01T07:52:47","modified_gmt":"2025-07-01T07:52:47","slug":"circle-seeks-bank-status-to-manage-crypto-reserves-in-the-u-s","status":"publish","type":"post","link":"https:\/\/www.tradesilvania.com\/en\/news\/circle-seeks-bank-status-to-manage-crypto-reserves-in-the-u-s\/","title":{"rendered":"Circle Seeks Bank Status to Manage Crypto Reserves in the U.S."},"content":{"rendered":"<p>\n                <img decoding=\"async\" src=\"https:\/\/www.tradesilvania.com\/wp-content\/uploads\/2025\/12\/Circle-Seeks-Bank-Status-to-Manage-Crypto-Reserves-in-the-U.S.png\" alt=\"Circle Seeks Bank Status to Manage Crypto Reserves in the U.S.\" \/>\n            <\/p>\n<p>Circle, the company behind the <a href=\"https:\/\/tradesilvania.com\/en\/prices\/usd-coin?ref=tradesilvania.com\">USDC stablecoin<\/a>, has submitted an application to obtain a national trust bank license in the United States, according to an interview with Reuters. If approved by the Office of the Comptroller of the Currency (OCC), the new banking entity \u2013 <em>First National Digital Currency Bank, N.A.<\/em> \u2013 would be able to hold Circle\u2019s own reserves and manage crypto assets for institutional clients.<\/p>\n<p>The license does not permit the acceptance of cash deposits or the issuance of loans, unlike traditional banks. Circle CEO Jeremy Allaire stated that this step is a natural extension of the company\u2019s strategy to uphold the highest standards of transparency and compliance.<\/p>\n<p>The application follows shortly after Circle\u2019s public listing, which valued the company at nearly $18 billion. Currently, Anchorage Digital is the only digital asset company in the U.S. that holds such a national trust bank license. USDC is a stablecoin pegged to the U.S. dollar and widely used for fast transactions within the crypto ecosystem.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>            Circle, the company behind the USDC stablecoin, has submitted an application to obtain a national trust bank license in the United States, according to an interview with Reuters. If approved by the Office of the Comptroller of the Currency (OCC), the new banking entity \u2013 First National Digital Currency Bank, N.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[95],"tags":[99,98],"class_list":["post-37334","post","type-post","status-publish","format-standard","hentry","category-news","tag-en","tag-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Circle Seeks Bank Status to Manage Crypto Reserves in the U.S.<\/title>\n<meta name=\"description\" content=\"Circle files for U.S. trust bank license. Circle aims to manage crypto reserves and boost transparency after $18B IPO.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.tradesilvania.com\/en\/news\/circle-seeks-bank-status-to-manage-crypto-reserves-in-the-u-s\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Circle Seeks Bank Status to Manage Crypto Reserves in the U.S.\" \/>\n<meta property=\"og:description\" content=\"Circle files for U.S. trust bank license. Circle aims to manage crypto reserves and boost transparency after $18B IPO.\" \/>\n<meta property=\"og:site_name\" content=\"Tradesilvania\" \/>\n<meta property=\"article:published_time\" content=\"2025-07-01T07:52:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.tradesilvania.com\/wp-content\/uploads\/2025\/12\/Circle-Seeks-Bank-Status-to-Manage-Crypto-Reserves-in-the-U.S.png\" \/>\n<meta name=\"author\" content=\"Ciprian Dobrescu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ciprian Dobrescu\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/www.tradesilvania.com\/en\/news\/circle-seeks-bank-status-to-manage-crypto-reserves-in-the-u-s\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.tradesilvania.com\/en\/news\/circle-seeks-bank-status-to-manage-crypto-reserves-in-the-u-s\/\"},\"author\":{\"name\":\"Ciprian Dobrescu\",\"@id\":\"https:\/\/www.tradesilvania.com\/en\/#\/schema\/person\/8b618e5f08987bd1790437e243343e0e\"},\"headline\":\"Circle Seeks Bank Status to Manage Crypto Reserves in the U.S.\",\"datePublished\":\"2025-07-01T07:52:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.tradesilvania.com\/en\/news\/circle-seeks-bank-status-to-manage-crypto-reserves-in-the-u-s\/\"},\"wordCount\":180,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.tradesilvania.com\/en\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.tradesilvania.com\/en\/news\/circle-seeks-bank-status-to-manage-crypto-reserves-in-the-u-s\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.tradesilvania.com\/wp-content\/uploads\/2025\/12\/Circle-Seeks-Bank-Status-to-Manage-Crypto-Reserves-in-the-U.S.png\",\"keywords\":[\"en\",\"News\"],\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.tradesilvania.com\/en\/news\/circle-seeks-bank-status-to-manage-crypto-reserves-in-the-u-s\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.tradesilvania.com\/en\/news\/circle-seeks-bank-status-to-manage-crypto-reserves-in-the-u-s\/\",\"url\":\"https:\/\/www.tradesilvania.com\/en\/news\/circle-seeks-bank-status-to-manage-crypto-reserves-in-the-u-s\/\",\"name\":\"Circle Seeks Bank Status to Manage Crypto Reserves in the U.S.\",\"isPartOf\":{\"@id\":\"https:\/\/www.tradesilvania.com\/en\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.tradesilvania.com\/en\/news\/circle-seeks-bank-status-to-manage-crypto-reserves-in-the-u-s\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.tradesilvania.com\/en\/news\/circle-seeks-bank-status-to-manage-crypto-reserves-in-the-u-s\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.tradesilvania.com\/wp-content\/uploads\/2025\/12\/Circle-Seeks-Bank-Status-to-Manage-Crypto-Reserves-in-the-U.S.png\",\"datePublished\":\"2025-07-01T07:52:47+00:00\",\"description\":\"Circle files for U.S. trust bank license. 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