Cryptocurrency giants like Ripple and Circle are accelerating their entry into the U.S. banking industry, leveraging national trust bank charters to establish a stablecoin financial system

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 foray into traditional banking in the United States. The three companies have applied for national trust bank licenses to provide custody and payment processing services, enabling nationwide operations and circumventing state-by-state regulatory restrictions.

Among them, Circle plans to establish the "First National Digital Currency Bank" to strengthen the USDC infrastructure and comply with 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 banking license, it plans to launch debit and credit card products by the end of the month, focusing on the integration of crypto finance.

Analysts state that the progress of stablecoin legislation and a relaxed regulatory environment are driving this trend, but there remains uncertainty in the approval process.