Circle Partners with Leading Minority-owned Bank, Citizens Trust Bank to Hold USDC Reserves and Collaborate on Financial Inclusion and Digital Financial Literacy

February 24, 2023

BOSTON & ATLANTA, February 24, 2023 — Today, Circle Internet Financial, a global digital financial technology firm and the issuer of USD Coin (USDC), has announced that Citizens Trust Bank will hold $65 million in USDC cash reserves. “Citizens Trust Bank is a phenomenal leader in this space. We are anxious to support their strategic drive to over $1B in assets and help drive financial inclusion and digital financial literacy in Atlanta.”Together, Circle and Citizens Trust Bank plan to extend their collaboration to the greater Atlanta community, working on financial inclusion and digital financial literacy initiatives for their customers. “Citizens Trust Bank is extremely proud to partner with Circle, and we applaud their commitment to financial inclusion and digital financial literacy. “The opportunity to maintain a portion of Circle’s growing USDC reserves means we are strengthening our balance sheet and becoming a key part of fast-growing new markets.

The source of this news is from Circle