USDC issuer Circle wins final approval for US national trust bank charter
CoinTelegraph·
60-second summary
Circle receives final OCC approval for a national trust bank charter, enabling the company to offer banking services to itself and affiliates, with potential future custody services for institutional clients. This move expands Circle's financial infrastructure, solidifying its position in the digital asset space. The development is expected to boost USDC's adoption and usage.
Circle announces it received final OCC approval for a national trust bank that will initially serve the company and affiliates, with possible future custody services for institutional clients.