BiyaPay analyst: Circle receives OCC approval to establish a trust bank, long-term positive but short-term stock price remains under pressure

BlockBeats News, on December 15, Circle (CRCL) announced that it has received "conditional approval" from the US Office of the Comptroller of the Currency (OCC) to establish a national trust bank. In the future, it will strengthen USDC reserve oversight and institutional-level custody services, but the stock price did not show a significant increase.

BiyaPay analysts believe that this news is a "long-term compliance positive," but it is difficult to realize profits directly in the short term, and the market may have already priced it in, with funds choosing to "buy the rumor, sell the news." For users, BiyaPay continues to provide convenient multi-asset trading, supporting USDT trading for US stocks, Hong Kong stocks, futures, as well as zero-fee trading for digital asset spot contracts.