Circle President Heath Tarbert called the company's approval to establish a federal trust bank a "historic" milestone, making it the first U.S. digital asset company authorized to directly manage stablecoin reserves under federal oversight. Tarbert also urged Congress to pass the CLARITY Act, describing it as "more than financial regulation."

Circle receives OCC approval for a national trust bank, boosting confidence in USDC. Bitcoin above $56K on July 13, 2026 at 99.9% YES.

Japanese investment bank Mizuho reiterated its neutral rating on Circle, saying OCC approval for a national trust bank doesn't address slowing USDC growth or rising competition.