Circle Gains OCC Approval to Operate as a Trust Bank

Circle OCC USDC

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Circle, a stablecoin issuer, received approval from the OCC to operate as a trust bank, allowing it to manage reserves directly for its stablecoins like USDC.
This move shifts Circle towards financial infrastructure and provides national regulatory oversight.

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Circle, a stablecoin issuer, received approval from the OCC to operate as a trust bank, allowing it to manage reserves directly for its stablecoins like USDC. This move shifts Circle towards financial infrastructure and provides national regulatory oversight.

Read the full article on CNBC

Circle, a stablecoin issuer, received approval from the U.S. Office of the Comptroller of the Currency (OCC) to operate as a trust bank. This allows Circle to directly manage reserves for its USDC stablecoin and shifts its regulatory oversight to a national level, boosting its appeal as regulated infrastructure for institutional clients.

CNBC

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Circle Gains OCC Approval to Operate as a Trust Bank

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