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Circle Receives Final OCC Approval to Establish National Trust Bank on July 10

Project Progress Stocks

2026-07-10 10:25:46

CRCL5.85%

According to Circle's official announcement, on July 10, stablecoin issuer Circle (NYSE: CRCL) received final approval from the U.S. Office of the Comptroller of the Currency (OCC) to establish Circle National Trust, a national trust bank. The newly chartered bank will operate under direct federal supervision and initially provide federally regulated digital asset custody services to Circle and its affiliates. According to the approved business plan, Circle National Trust plans to eventually offer custody services to select banking and financial institutions, and achieve direct management of USDC reserves to enhance the stablecoin's security and transparency.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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