Key highlights: The OCC has approved Circle’s application to launch a national trust bank The bank can offer crypto custody services under federal oversight Ripple, BitGo, and Paxos are still waiting for final approval Ark Invest buys 217,896 CRCL stocks Circle has reportedly secured approval from the US Office of the Comptroller of the Currency […]
Tag: CRCL
Key highlights: Circle CEO Jeremy Allaire fancies his company’s long-term chances amid new competition from OpenUSD The Circle CEO criticized OpenUSD’s model while dispelling rumors of severing ties with Coinbase Following OpenUSD’s announcement, Circle stock slumped by double digits, but pundits dismissed it as a normal market reaction Circle CEO Jeremy Allaire has downplayed claims […]
Key highlights: Circle stock dropped 17% after losing its place in five major Russell Growth Indexes Index-tracking funds may also be forced to sell CRCL shares A new stablecoin project backed by 140 companies has also added to the pressure The index removal may continue to create short-term selling pressure as funds rebalance their portfolios. […]