US Stock Market Move | Circle (CRCL.US) surged more than 8% and was approved to establish the national trust bank Circle National Trust.

On Friday, Circle (CRCL.US) initially surged more than 15%, and as of the time of publication, it has increased by over 8%, reaching $68.33. In terms of news, on July 10th, the U.S. Office of the Comptroller of the Currency (OCC) officially approved the establishment of Circle National Trust, a national trust bank by Circle, bringing it into the federal regulatory system and enhancing the security, stability, and transparency of the USDC infrastructure. Circle's main business is the world's largest regulated stablecoin network, USDC, with a circulation scale exceeding $73 billion. This approval solidifies its role as a trusted digital dollar infrastructure under federal regulation and reserves space for directly managing USDC reserve assets in the future.