Circle Gets OCC Trust Bank Charter, Locks Down USDC Reserves
The charter pulls $73.2B in USDC reserves one regulator closer to OCC supervision, and it lands inside a wave of crypto firms, from Kraken to BitGo, racing for federal banking licences.
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The charter pulls $73.2B in USDC reserves one regulator closer to OCC supervision, and it lands inside a wave of crypto firms, from Kraken to BitGo, racing for federal banking licences.
First National Digital Currency Bank, N.A. is the inaugural national trust charter scoped to a stablecoin issuer, giving USDC a federally supervised fiduciary home before the stablecoin regime goes…
The OCC charter lets Circle sit alongside the regulated US banks holding digital assets in custody, formalising the legitimacy that issuers have spent the last three years arguing USDC already has.
Connectia Trust joins a growing roster of federally chartered stablecoin issuers racing into a $312B market where USDT and USDC already hold ~80% of the float and new entrants must find a wedge.
Conditional approval for Sony Bank's Connectia Trust subsidiary puts a first-tier consumer brand on the regulated US dollar stablecoin issuance rail.
A near-doubling in seven months, anchored by an OCC national bank charter and a defense-tech founder with Pentagon ties, signals that the crypto-banking thesis is graduating from sandbox to balance…
The hire lands as AUSD posts a 355% YoY jump in Q1 transfer volume past $20B, and Agora's pending national trust bank application moves a regulated US dollar on-chain a step closer.
Treasury, the OCC, and the FDIC are converting the GENIUS Act from a permission framework into an operating regime — weekly reports, BSA obligations, and a yield ban that favor incumbents like Circle…
World Liberty Financial, the Trump-family crypto venture, is on the verge of receiving a national trust bank charter…
Gould insists the only political heat on the Trump-tied crypto firm's bank-charter bid comes from lawmakers like Warren and Meeks — even as the hearing doubles as a stablecoin rulemaking checkpoint.
United Texas Bank's national charter puts it on equal federal footing with JPMorgan and BofA — and it's already clearing $10B a month in crypto dollar volume while they tiptoe.
The Digital Chamber told the OCC that Warren's reading of the National Bank Act is wrong — and that the charters for Ripple, Circle, Coinbase, Paxos, Fidelity and BitGo reflect the OCC's longstanding…
Nine national trust charters approved since December 2025, including for Ripple, Circle and Coinbase, sit outside what the National Bank Act actually permits — that's the accusation, and it reframes…
The senator's broadside targets a pattern of approvals she's been documenting for months — and lands while stablecoin and custody rules that govern those very banks are still being written.