Why Circle’s proposed national stablecoin trust bank is a smart move

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

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

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