Stocks in Action USA: Circle, Meta, WD-40
Reading Time: 3 minutes
Circle (CRCL) receives final bank approval in the USA – Stock rises significantly! Circle has received final approval from the US banking regulator Office of the Comptroller of the Currency (OCC) to establish a national trust bank. This allows the issuer of the stablecoin USDC to hold its own reserves and offer custodial services for digital assets to institutional clients. The new bank will be directly under federal supervision by the OCC. The news was well received on the stock market: Circle's shares are on the rise. CEO Jeremy Allaire called...
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