The stablecoin issuer received a charter for First National Digital Currency Bank, allowing it to custody digital assets and, eventually, hold USDC reserves under direct federal supervision. Shares rose more than 10%. According to The Defiant, the stablecoin issuer received a charter for first national digital currency bank, allowing it to custody digital assets and, eventually, hold usdc reserves under direct federal supervision. shares rose more than 10%.. The development comes amid ongoing regulatory scrutiny in the sector. The Defiant reports that this marks a significant milestone for the industry. The The Defiant report provides additional context on the implications for market participants and regulatory frameworks moving forward.
