Circle Internet Group

CRCL

Market cap $15.7B

Futures are trading mixed as it looks like it's “game on” again with Iran, as they made what appears to be a tactical mistake by firing on ships in the Gulf, so President Trump returned the favor with some massive missile attacks.

Circle president Heath Tarbert discusses his company being approved to establish a federally regulated national trust bank on 'The Claman Countdown.'

Stablecoin issuer Circle faces several challenges despite its receipt of final approval from the Office of the Comptroller of the Currency (OCC) to establish a bank, analysts from Japanese investment bank Mizuho wrote in a Friday (July 10) note, CoinDesk reported Monday (July 13).

The Clarity Act seeks to establish a regulatory framework for cryptocurrencies. Among other provisions, the act establishes regulatory jurisdiction and defines a "mature blockchain.

Circle Internet Group (Nasdaq: CRCL), the stablecoin issuer behind USDC, said today that it has received federal approval to operate as a specific type of bank.

Circle received OCC national trust bank approval on July 8, 2026, becoming the first stablecoin issuer with a federal banking charter, creating a regulatory moat vs. Tether and the OPEN-USD consortium. USDC circulation grew 19% to $73.2B despite the Fed cutting rates 75 bps since August 2025, while transaction revenue doubled ($23.8M → $47.2M quarterly), validating the dual-engine thesis. FIS Money Movement Hub integration is now live with 8 pilot banks, enabling USDC as a real-time payment rail alongside ACH/RTP/FedNow, de-risking revenue from pure rate dependency.

Circle Internet Group received federal approval to operate First National Digital Currency Bank, N.A. This will allow Circle to manage its own reserves in-house.

Circle Internet Group (NYSE:CRCL) shares rose 7% after the company announced it received approval from the U.S. Office of the Comptroller of the Currency (OCC) to establish its own national trust bank, a move aimed at strengthening the infrastructure supporting its USDC stablecoin.

Seagate (STX) gets an upgrade and Western Digital (WDC) sees a price target hike from Wells Fargo. Diane King Hall explains how it signals a continuing trend in analyst optimism as SK Hynix readies its debut on the Nasdaq Friday.

Circle Internet Group Inc (NYSE:CRCL) is brushing off tech sector weakness this morning, last seen up 14.2% to trade at $71.99.