On July 10, local time, stablecoin issuer Circle Internet Group announced that it has obtained approval from the US Monetary Authority to establish First National Digital Currency Bank, N.A., a national trust bank, and will operate under the name Circle National Trust. Affected by this news, Circle's stock price has clearly strengthened. After opening on July 10, local time, Circle once rose more than 13%. As of press release, Circle was up more than 7% to $67.469.

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