$ETH Circle National Trust launches federal charter without retail banking powers

Circle received a federal trust charter from the Office of the Comptroller of the Currency on Friday, establishing Circle National Trust as the fourth member of a new class of crypto-native financial institutions.

Circle received a federal trust charter from the Office of the Comptroller of the Currency on Friday, establishing Circle National Trust as the fourth member of a new cl…

Circle received a federal trust charter from the Office of the Comptroller of the Currency on Friday, establishing Circle National Trust as the fourth member of a new class of crypto-native financial institutions.

It does not grant deposit-taking powers, FDIC insurance, or the ability to issue mortgages or consumer loans.

Watch $ETH for the next session - if this move holds, it changes the read.

$ETH #ETH #Stablecoins #CryptoNews