Circle Internet Group, which debuted on the New York Stock Exchange earlier this month, has applied for a bank charter.

On the heels of its blockbuster IPO, stablecoin issuer Circle Internet Group Inc. said it is seeking to create a national trust bank in the US.

Stablecoin issuer. Hype stock. Crypto giant. Circle Internet Group now has another title in its sights: bank. Circle has submitted an application to the Office of the Comptroller of the Currency (OCC) to establish a national trust bank called First National Digital Currency Bank,