Circle Applies to Establish National Trust Bank in the U.S. to Manage USDC reserves, Switching from BlackRock

Circle, a crypto company that issues USDC stablecoin, has applied to establish a national trust bank to manage USDC reserves. source: https://zycrypto.com/circle-applies-to-establish-national-trust-bank-in-the-u-s-to-manage-usdc-reserves-switching-from-blackrock/