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Circle Receives OCC Approval to Establish Digital Currency Trust Bank

Project Progress

2026-07-10 12:31:12

CRCL4.85%

According to Odaily Daily Planet, Circle Internet Group received approval from the U.S. Office of the Comptroller of the Currency (OCC) to establish a national digital currency trust bank, recently expanding its stablecoin operations. The entity, to be called Circle National Trust, will operate under federal trust banking regulatory framework and provide institutional-grade services including digital asset custody. This approval marks Circle's expansion beyond USDC issuance and payment services into regulated digital asset custody, consolidating its regulatory structure under a single federal trust charter.

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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