"Circle Officially Obtains Banking License, the First Stablecoin Bank in Human History!"

This is a historic moment.
CIRCLE has transformed from a tech company into a U.S. financial infrastructure!
Holding USDC is as secure as holding USD.
Institutions, pension funds, and interbank transactions will all equate USDC to USD.
This is the first stablecoin bank in human history.

Here's a brief explanation to help everyone understand:
1. What is OCC?
Office of the Comptroller of the Currency, the U.S. Office of the Comptroller of the Currency.
It is one of the "highest regulatory authorities" in the U.S. banking industry. It is responsible for regulating all "national banks" and federal savings associations. Giants like JPMorgan Chase, Citibank, and Bank of America are under its jurisdiction.

OCC issues banking licenses, sets regulations, and conducts regular inspections. Obtaining an OCC license means CIRCLE has officially entered the "regular army" of the U.S. federal banking system, transitioning from a "fintech internet company" to a fully regulated bank. It stands on equal footing with all major Wall Street banks.

2. Direct Impact on CIRCLE
Past: USD reserves had to be stored in other banks. If that bank failed or was risky, like Silicon Valley Bank (SVB) in the past, USDC reserves could be frozen or lost, potentially causing USDC to decouple.

Now: Circle itself is a bank, capable of managing USDC reserves independently, safeguarding U.S. Treasuries and cash. Its future depends directly on the system, with no third parties involved.

The "USD content" and security of USDC have reached the highest theoretical level!

3. Impact on USDC
Past: USDC was just a compliant stablecoin issued by a tech company called Circle, essentially "private currency."

Now: After becoming an OCC-regulated national trust bank, USDC has become a digital dollar operating under federal regulation.

This further widens the gap between USDC and USDT. USDT is an offshore, unregulated "shadow dollar"; while USDC is a "formal digital dollar" under the highest level of U.S. federal regulation.

4. What Will Happen
Past: Pension funds, insurance funds, and large asset managers wanted to use stablecoins but were limited by compliance requirements, preventing them from entrusting money to an ordinary "tech company."

Now: They can legitimately cooperate with Circle, using USDC for settlement, clearing, or as collateral. This is an exponential positive for USDC's market cap growth.

5. CIRCLE Rises, Tether Falls

Previously, the highly authoritative S&P 500 rated USDT as the lowest risk tier, while USDC was rated just below government bonds, as the second safest. This was a signal—if re-rated today, USDC would likely move up one level.

Compliance is clearing the field! After USDC expanded its target market from "crypto circles" to "global financial settlement," holders of USDT who are compliant will switch to USDC. I believe this change has already begun, as reflected in recent shifts in market share between the two, which can be observed continuously through CMC.

After the stablecoin legislation passes next year, there is over a 90% chance that USDT will be forced out of the compliant industry according to the law, including a potential decrease in USDT.

Currently, Tether is also promoting its compliant stablecoin in the U.S., but time is no longer on its side.

(This article will also be included in the Stablecoin Special of the Dayu Collection)