Circle Stock Jumps 10% After OCC Approves National Trust Bank 

• Circle stock rose 10% after CEO Jeremy Allaire’s comment on a national trust bank charter.
• Allaire said stablecoins remain in the early stages despite regulatory progress.
• Investors now await Q2 earnings and the GENIUS Act rollout as key catalysts for CRCL.

Circle (NYSE: CRCL) CEO Jeremy Allaire said the stablecoin industry is still in its early stages, even after the company reached a major U.S. banking milestone. The announcement helped send Circle shares up about 10% on July 21.

Speaking to CNBC after Circle received approval to establish Circle National Trust, Allaire said the new national trust bank will help the company comply with the GENIUS Act. He added that it should also support broader institutional adoption of digital dollars.

OCC Charter Marks Major Milestone

Allaire called the approval a landmark moment for Circle and the crypto industry. He sa…

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