GoCheckMyCrypto.comCircle Wins Final OCC Approval for National Trust Bank
Circle, the second-largest stablecoin issuer, has received final approval from the Office of the Comptroller of the Currency to open a national trust bank. The move brings its roughly $73 billion USDC operation toward a unified national framework. The approval was corroborated by multiple major outlets.
Circle, the issuer behind USDC, has received final approval from the Office of the Comptroller of the Currency (OCC) to open a national trust bank, according to multiple major outlets.
The charter moves the company's roughly $73 billion USDC operation toward a unified national framework. Circle is the second-largest stablecoin issuer.
The approval was independently reported by The Block, The Defiant, and Bitcoin Magazine.
Circle received final OCC approval to open a national trust bank, affecting an estimated $73B in USDC.
And that's the way it is.
Sources
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