Circle (CRCL) Wins Final OCC Approval for National Trust Bank
Circle has won final approval from the OCC to establish a national trust bank. The approval allows Circle to place USDC reserves under federal oversight. It also expands Circle's regulated digital asset custody business.
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The OCC granted conditional approval in December 2025; the approved business plan also lets the bank eventually offer custody directly to institutions such as banks and regulated derivatives organizations.
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