Circle has applied for a national trust bank license in the U.S. following its successful IPO that valued the company at nearly $18 billion. If approved, the license would allow Circle to manage reserves, provide custody services for digital assets, but not accept cash deposits or make loans.

South Korea's major banks, including Shinhan, Hana, KB Financial, and Woori Bank, are set to meet with Tether and Circle to discuss potential partnerships in stablecoin distribution and the issuance of a won-pegged stablecoin. These meetings are part of President Lee Jae Myung's initiative to establish a stablecoin market in the country following his election campaign promises.

Bernstein analysts predict that USDC's supply will increase from $76 billion to $220 billion by the end of 2027, capturing one-third of the stablecoin market. Key factors driving this growth include Circle's regulatory compliance, partnerships with major exchanges, and the recent implementation of the GENIUS Act, which favors U.S.-based stablecoin issuers.