Citizens Trust Bank to Hold USDC Cash Reserve of $65 Million

Stablecoin issuer Circle has announced that Citizens Trust Bank will hold $65 million in USDC cash reserves, part of Circle’s commitment to distribute a portion of its USDC dollar-denominated reserves to minority depository institutions (MDIs) and community banks across the country. Circle and Citizens Trust Bank plan to expand their collaboration into the greater Atlanta community, working on financial inclusion and digital financial literacy programs for their clients. The program is in the works, with a launch event this summer and a $100,000 seed grant from Circle.