USDC issuer Circle wins final approval for US national trust bank charter
Cointelegraph 2026-07-10 11:37:25
Context: Circle, the issuer of the USDC stablecoin, has obtained final approval from the Office of the Comptroller of the Currency (OCC) for a national trust bank charter. This charter will initially enable Circle to serve its own operations and affiliates. The approval marks a significant milestone for Circle as it expands its capabilities.
Key Facts
- Circle received final approval from the Office of the Comptroller of the Currency (OCC) for a national trust bank charter, which will be used to initially serve the company's operations and affiliates.
- The national trust bank charter may also be used in the future to provide custody services for institutional clients, although this is not currently a part of the bank's operations.
- The OCC approval allows Circle to operate as a national trust bank, providing a foundation for the company's future growth and expansion into new services and markets.