<ul data-eligibleForWebStory="true"><li>Circle, issuer of USDC stablecoin, plans to establish a national trust bank in the US after an $18 billion IPO.</li><li>The new entity, First National Digital Currency Bank, N.A., awaits approval from the US Office of the Comptroller of the Currency for custody services of reserves and managing crypto assets.</li><li>The bank won't accept cash deposits or issue loans but will focus on custody services for tokenized assets like stocks and bonds.</li><li>Upcoming stablecoin legislation, including the GENIUS Act, mandates backed assets and monthly reserve disclosures, aligning with Circle's move towards mainstream financial legitimacy.</li></ul>

Circle Moves To Establish National Trust Bank In US Following $18 Billion IPO

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