Circle applies to establish the first digital currency bank in the United States, focusing on USDC trust and institutional services

Odaily News 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-level custody services rather than traditional banking services. (Cointelegraph)