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Circle won federal approval to operate as a trust bank — and its stock surged

The approval places Circle's USDC reserve infrastructure under direct federal oversight and allows the company to offer digital asset custody services

Circle won federal approval to operate as a trust bank — and its stock surged

Published July 10, 2026 · Category: Markets

Overview

The approval places Circle's USDC reserve infrastructure under direct federal oversight and allows the company to offer digital asset custody services

Source

Originally published at qz.com.

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