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Circle wins final regulatory approval to establish US trust bank, shares rise
Circle has received final regulatory approval from the OCC to launch a national trust bank, enabling them to manage their own reserves and hold cryptocurrencies. This pivotal milestone integrates blockchain technology into the US financial system. In addition, Circle issues USDC, a stablecoin valued around $73.2 billion, reflecting the ongoing shift of digital asset firms into traditional finance.
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cryptobriefing.com
Circle wins final OCC approval for national trust bank charter, stock soars 11% premarket
Circle secures OCC conditional approval to charter First National Digital Currency Bank, N.A., bringing USDC reserve management under federal oversight.
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theblock.co
Stablecoin firm Circle wins final OCC approval to open national trust bank
Circle wins final OCC approval for First National Digital Currency Bank, with USDC reserve management planned for a later phase.
