Alongside Ethereum’s rise, regulatory progress extended to stablecoins. Circle Internet Group Inc., the issuer of USDC, has applied for a federal trust bank charter, signaling a move toward tighter regulatory compliance and greater institutional acceptance.
The recent price rally has reignited interest from both retail and institutional investors across major exchanges. After months of speculation, the long-awaited SEC crypto approval has opened new doors for regulated crypto products.
CEO Jeremy Allaire emphasized the company’s commitment to transparency and security, stating, “We are excited to take this step toward becoming a federally regulated digital currency institution.”
The charter would enable Circle to operate under federal oversight, enhancing the credibility of USDC and contributing to the broader legitimacy of stablecoins in the US financial system.
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