The OCC on July 10 granted Circle Internet Group approval for a national trust bank charter — the first awarded to a stablecoin issuer — sending Circle shares up 13% and placing USDC reserves under direct federal oversight.
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Circle posts record Q1 revenue as USDC bet hinges on CLARITY Act
Circle Internet Group reported $694 million in Q1 2026 revenue, up 20% year-on-year, but the stablecoin issuer’s path back to its $300 high depends on U.S. stablecoin legislation clearing Congress.