ChainCatcher news, according to the Financial Times, driven by the Trump administration's friendly stance towards digital assets, crypto companies such as Ripple, Circle, and BitGo are accelerating their layout in the traditional banking sector. The three companies have applied for national trust bank licenses to provide custody and payment processing services, enabling nationwide operations and bypassing state-by-state regulatory restrictions.
Among them, Circle plans to establish the "First National Digital Currency Bank" to strengthen USDC infrastructure and meet the requirements of the GENIUS Act; Ripple is applying for a Federal Reserve master account to directly hold its stablecoin reserves. Although Kraken has not applied for a full bank license, it plans to launch debit and credit card products by the end of the month, focusing on crypto financial integration
Analysts say that stablecoin legislative progress and a relaxed regulatory environment are driving this trend, but the approval process still has uncertainties.
