Circle Bags Approval To Launch First National Crypto Bank, CRCL Stock Shoots 10%

Circle Internet Group, Inc. (NYSE: CRCL), a financial technology firm, announced today that it has received approval from the U.S. Office of the Comptroller of the Currency (OCC) to set up Circle National Trust, or First National Digital Currency Bank, N.A. (“FNDCB”). The authorization will be an important regulatory milestone for a stablecoin issuer, which