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Circle Receives OCC Bank Charter, Stablecoin Competition Heats Up

Stablecoin issuer Circle saw its shares surge by 14% in premarket trading after the U.S. Office of the Comptroller of the Currency (OCC) granted it approval to operate as a trust bank. This development intensifies competition within the stablecoin market.

10 Jul, 11:57 — 10 Jul, 11:57
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