Circle Secures OCC Approval for National Trust Bank, Bolstering USDC Infrastructure
Circle (NYSE: CRCL) received final approval from the U.S. Office of the Comptroller of the Currency (OCC) to charter First National Digital Currency Bank, N.A., operating as Circle National Trust.
The national trust bank will initially provide fiduciary digital asset custody for Circle and affiliates, with plans to expand to select institutional clients like banks and regulated entities.
Approval strengthens the...
