The issuer of USDC stablecoin, Circle, has announced plans to pursue a National Trust Bank Charter in the U.S. following its successful IPO surge. This strategic move aims to strengthen its regulatory compliance and expand its financial services offerings within the digital asset ecosystem.
Key Developments in Stablecoin Adoption
Institutional Crypto Trading Shifts Toward Stablecoins
- Stablecoins now represent 74.6% of institutional OTC volume in H1 2025, up from 46% in 2024 and 23% in 2023.
- This growth highlights the increasing preference for price-stable assets in high-value crypto transactions.
Euro Stablecoin Enters the Market
- Deutsche Bank and DWS’s joint venture, AllUnity, secured an E-Money Institution license from BaFin.
- Their upcoming EURAU stablecoin will be fully compliant with the EU’s MiCA regulations, providing a regulated euro-pegged alternative.
China’s Stablecoin Exploration
- Chinese firms like JD.com and Ant Group are evaluating stablecoins to enhance cross-border payments and digital infrastructure.
- This reflects global competition in CBDC and stablecoin adoption.
Circle’s Strategic Expansion
Multichain USDC Gateway
- Circle’s new non-custodial Gateway simplifies USDC transfers across blockchains without bridges.
- Launching on testnets in July, it will support instant, fee-efficient transactions.
👉 Discover how USDC powers global payments
Ripple’s Stablecoin Infrastructure Push
- Ripple partnered with OpenPayd to integrate real-time EUR/GBP rails and multi-currency accounts.
- The collaboration enables compliant, near-instant cross-border settlements using stablecoins.
Regulatory Advancements
Paxos Launches MiCA-Compliant USDG
- Paxos introduced USDG in the EU, backed by multiple banks and meeting strict reserve requirements.
- The stablecoin aligns with MiCA’s transparency and stability standards.
FAQ Section
Q: Why is Circle seeking a National Trust Bank Charter?
A: The charter would grant Circle enhanced regulatory clarity, enabling it to offer broader banking services while maintaining USDC’s compliance.
Q: How does Gateway improve USDC usability?
A: It eliminates cross-chain bridging delays, allowing instant transfers between networks like Ethereum and Solana.
Q: What makes MiCA significant for stablecoins?
A: MiCA establishes uniform rules for stablecoin issuers in the EU, ensuring consumer protection and financial stability.
👉 Explore compliant stablecoin solutions
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