Circle receives final OCC approval for national trust bank
Circle, the issuer of the second largest stablecoin USDC, has received final approval from the Office of the Comptroller of the Currency (OCC) for First National Digital Currency Bank, which will operate as Circle National Trust.
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The July 10 charter for First National Digital Currency Bank makes Circle the first of five conditionally approved applicants — ahead of Ripple, Paxos, BitGo and Fidelity — to complete the OCC trust-bank process.
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