What Circle’s US Trust Bank Bid Means for USDT and Stablecoin Competition

USDC stablecoin issuer Circle just applied to become a US national trust bank. But the bigger story isn’t banking—it’s stablecoin dominance.   As Congress moves to regulate stablecoins with the GENIUS Act, Circle’s move could signal a coming power shift from USDT to USDC in the US market. Circle’s Trust Bank Could Change the Stablecoin Market If approved by the OCC, Circle’s new entity—First National Digital Currency Bank—would allow the company to custody its own reserves source: https://beincrypto.com/circle-us-bank-move-usdt-dominance-shift/