Changes in US stocks | Circle (CRCL.US) rose more than 8% to be approved to establish a national trust bank Circle National Trust

The Zhitong Finance App learned that on Friday, Circle (CRCL.US) surged more than 15% at the beginning of the session. As of press release, it had risen more than 8% to 68.33 US dollars. According to the news, on July 10, the US Monetary Authority OCC officially approved Circle National Trust, a national trust bank, to be incorporated into the federal regulatory system, and the security, robustness, and transparency of the USDC infrastructure was improved. Circle specializes in USDC, the world's largest regulated stablecoin network, with a circulation of over $73 billion. This approval strengthens its role as a trusted federally regulated digital dollar infrastructure and reserves room for direct management of USDC reserve assets in the future.