Circle Receives US Banking License: Will Directly Manage USDC Reserves

Stablecoin issuer Circle has obtained a banking license from the Office of the Comptroller of the Currency (OCC). With this approval, Circle gains the authority to directly manage over $73 billion in USDC reserves under the Circle National Trust. The company will not operate as a commercial bank that accepts deposits or extends loans. Circle's move is seen as a significant step in the search for regulatory clarity in the stablecoin market. Direct management of USDC reserves is viewed positively by investors in terms of transparency and reliability. Following the news, stocks associated with Circle experienced sharp rises in the market. Analysts suggest that this regulatory approval could contribute to broader acceptance of the stablecoin sector. This is not investment advice.

📊 USDC — Piyasa Yorumu

▲ up · 30%

While the news is a positive signal as it will increase transparency in USDC's reserve management, the price is currently very close to $1.00, and as a stablecoin, no major movement is expected. The RSI is at 41, in neutral territory, while the MACD is near the zero line, indicating a weak bearish trend. In the short term, the price is likely to trade sideways around $1.00. The impact of the news may be limited, but it could boost confidence in the long run.

RSI 14

41.7

MACD

-0.00

24h Δ

-0.03%

📊 COIN — Piyasa Yorumu

▲ up · 60%

Circle's acquisition of a US banking license may positively impact Coinbase's revenues by reducing regulatory uncertainty surrounding USDC. However, the stock closed 5% lower in the last session, with an RSI of 48 indicating neutral territory. The MACD line remains below the signal line, suggesting weak short-term momentum. Despite the positive news, the rally is expected to be limited due to weakness in technical indicators and the recent decline.

RSI 14

48.3

MACD

-0.65

24h Δ

-5.14%

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