Advanced ➔ Results Why Circle’s posed national stablecoin trust bank is a smart moveEstablishing the First National Digital Currency Bank would allow Circle greater regulatory clarity and broader market access, Seaport analyst Jeff Cantwell saysPublished: July 1, 2025 at 1:29 p.
ETResizeListen(3 min)s of Circle Internet Group turned higher as Wall Street applauded the stablecoin issuer’s move to try to establish a national digital-currency trust bank.
Photo: Circle Internet Group Inc. While Circle Internet Group Inc.
’s attempt to establish a digital-currency bank would lead to increased regulatory oversight, some analysts have applauded the move — as it would allow the stablecoin issuer to expand its offerings and customer base, and to compete with more established trust banks.
After seesawing around the flatline in morning trading Tuesday, Circle’s stock CRCL turned higher after midday. It was surging 5.
3% in recent afternoon trading, reversing an earlier intraday loss of as much as 5. The Author Tomi KilgoreTomi Kilgore is MarketWatch's deputy and corporate news editor and is based in New York.
You can him on Twitter @TomiKilgore. Show Conversation (0)Back To TopCopyright © 2025 MarketWatch, Inc. All rights reserved.
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