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Circle Receives OCC Approval for National Digital-Currency Trust Bank Charter
Circle has received approval to establish a national digital-currency trust bank. The charter supports its stablecoin business and adds institutional custody services under a single federal trust charter. It also places USDC infrastructure under direct federal oversight for the first time.
Jul 10, 7:22 AM·1m read2 sources
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Circle received approval from the Office of the Comptroller of the Currency to establish a national digital-currency trust bank. The charter supports the company's stablecoin business and widens its remit to include institutional custody services. It also consolidates oversight under a single federal trust charter.
The approval places USDC infrastructure under direct federal oversight for the first time.
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