Circle strives for US trust banking: step into the custody of USDC reserves for institutional customers

Circle strives for US trust banking: step into the custody of USDC reserves for institutional customers

Circle requested US trust banking license for USDC reserves

Circle, the company behind the stable cryptocurrency USDC, has applied for a US trust banking license. This enables the company to act as the storage of its USDC reserves and serve institutional customers.

This step comes at a time when trust in digital currencies grows and more and more institutional investors enter the cryptom market. The application for a banking license shows the endeavor of circle to meet the regulatory requirements and create a stronger basis for its services.

CIRCLE is therefore positioned not only as a provider of cryptocurrencies, but also as a trustworthy partner for companies who want to invest in digital assets. The license could make it possible to offer extended financial services and at the same time ensure the security of the funds that are kept in USDC.

By applying for the banking license, Circle pursues the goal of expanding its overall strategy in the field of digital finances and offering its customers an increased level of trust and security.