TradingKey – On July 10, Eastern Time, leading stablecoin company Circle ( CRCL) received a major regulatory boost. The company officially announced that it has obtained formal approval from the U.S. Office of the Comptroller of the Currency (OCC) to establish Circle National Trust, a national digital currency trust bank.

Spurred by the news, Circle shares surged over 16% intraday to a high of $72.85, marking its largest single-day gain in two months. As of press time, Circle’s gain narrowed to 4.4%, trading at $65.80.

[Source: TradingView]

Currently, the overall global market capitalization of stablecoins has surpassed $310 billion. Applications such as cross-border payments and cross-border remittances continue to broaden industry…