Circle gets an OCC bank charter as stablecoin competition heats up, shares surge 14%

According to CNBC, the U.S. Office of the Comptroller of the Currency has granted Circle, a stablecoin issuer, approval to operate as a trust bank. The news sent Circle's shares up fourteen percent in premarket trading, as competition in the stablecoin market continues to heat up.

Listen to this story

Hear this and more stories in a personalized audio briefing.

Open The Chonkerton