Tag: Circle

Arc is a new open Layer-1 from Circle purpose-built for stablecoin payments, FX and capital-markets use-cases. USDC will serve as Arc’s native gas token and the chain promises sub-second finality, an on-chain FX engine, and opt-in privacy. Private testnet begins in the coming weeks; public testnet is expected this fall 2025, with a mainnet beta targeted for 2026. Circle announced Arc, an open, EVM-compatible Layer-1...

Circle has applied to establish the first U.S. digital currency bank, named First National Digital Currency Bank, N.A., focusing on managing USDC reserves and providing digital asset custody. The application, filed on June 30, 2025, with the Office of the Comptroller of the Currency (OCC), aims to enhance regulatory oversight and align with the GENIUS Act. If approved, this could strengthen the stablecoin market, though the outcome and...

Circle’s Application: Circle, issuer of USDC, has applied for a U.S. national trust bank charter to manage its stablecoin reserves and offer institutional custody services. Regulatory Alignment: The move aligns with the proposed GENIUS Act, aiming to integrate stablecoins into the U.S. financial system under federal oversight. Strategic Shift: Post-IPO at an $18 billion valuation, Circle aims to directly oversee USDC reserves,...