Circle applies for US banking license, enabling it to act as custodian for USDC reserves: report

Circle has applied for a national banking license, according to Reuters. which would enable it to act as a custodian for its own reserves. source: https://www.theblock.co/post/360433/circle-applies-for-us-banking-license-enabling-it-to-act-as-custodian-for-usdc-reserves-report?utm_source=rss&utm_medium=rss