Circle's Bank Charter: A Watershed Moment in Crypto Regulation? The recent approval for stablecoin issuer Circle to operate as a trust bank marks a significant milestone in the evolving landscape of crypto regulation.
This development has far reaching implications, representing a major shift in how these companies will be perceived and treated by regulatory bodies.
One key consequence is that Circle can now directly manage reserves for its regulated stablecoins, including USDC, which boasts $73 billion in circulation.