Circle applies to establish the first digital money bank in the US, focusing on USDC trust and institutional services.

[Circle applies to establish the first digital currency bank in the United States, focusing on USDC trust and institutional services] According to Cointelegraph, Circle has submitted an application to the Office of the Comptroller of the Currency (OCC) to establish the first digital currency bank in the United States. This bank will focus on USDC trust functions, reserve management, and institutional custody services, rather than traditional banking services.

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