The Zhitong Finance App learned that the US Monetary Authority (OCC) officially approved USDC stablecoin issuer Circle Internet Group (CRCL.US) to establish a national trust bank Circle National Trust. Boosted by this news, the stock price of the stock rose 16% during the pre-market trading session on Friday. As of press release, the stock soared 12% before the market.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.