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Benzinga
Benzinga
Business
Rishabh Mishra

Ripple, Circle Push For Fed Access As $5.7 Trillion Stablecoin Surge Fuels Ambitions To Replace SWIFT, Says Industry Observer

Usdc,Usd,Coin,Stablecoin,Cryptocurrency,Golden,Coin,Over,The,Chart.

Major digital asset firms and issuers of stablecoins, Circle Internet Group Inc. (NYSE:CRCL) and Ripple (CRYPTO: XRP) are aiming to become integral players in the banking system to show how crypto can now be used in banking, as highlighted by Anthony Agoshkov, co-founder of Marvel Capital.

What Happened: These firms have formally applied to the Office of the Comptroller of the Currency (OCC) for national trust bank charters, signaling a profound shift in the financial landscape.

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