ReutersReuters

Circle up after Reuters report on co's national trust bank license application

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** Stablecoin firm Circle's CRCL shares rise 2% to $184.19 after the bell

** CRCL is applying to create a national trust bank in the U.S., after its blockbuster IPO earlier this month that valued it at nearly $18 billion, Reuters exclusively reports

** If the charter is granted, it would enable CRCL to act as a custodian for its own reserves and hold crypto assets on behalf of institutional clients

** CRCL's national trust bank entity would be called First National Digital Currency Bank, N.A.

** Up to last close, CRCL had risen 116.8% from its IPO on June 5

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