Dossier
U.S. Office of the Comptroller of the Currency
Coverage of U.S. Office of the Comptroller of the Currency in the Nexus archive.
- Circle (CRCL) Wins Final OCC Approval for National Trust Bank
Circle (CRCL) received final approval from the U.S. Office of the Comptroller of the Currency (OCC) to establish a national trust bank, Circle National Trust, which will provide custody services for digital assets and manage reserves for its stablecoin USDC under federal oversight. The approval strengthens Circle's ties to the federal banking system and aligns with the implementation of the GENIUS Act, a federal stablecoin law.
- Stablecoin issuer Circle just got the greenlight to operate as a bank. The shares are up 12%
Stablecoin issuer Circle received approval from the U.S. Office of the Comptroller of the Currency to operate as a trust bank, leading to a 12% increase in its shares during premarket trading.