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- 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 manage reserves directly for its stablecoins, primarily USDC, and will operate under the name Circle National Trust.
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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 manage reserves directly for its stablecoins, primarily USDC, and will operate under the name Circle National Trust.
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This article was originally published by CNBC World.
