BUSINESSJul 10 · 11:25 UTCTHE BLOCKNaga Avan-Nomayo

Stablecoin firm Circle wins final OCC approval to open national trust bank

Stablecoin firm Circle has received final approval from the Office of the Comptroller of the Currency (OCC) to establish the First National Digital Currency Bank. The company plans to manage reserves for its USDC stablecoin in a later phase.

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CircleorganizationOffice of the Comptroller of the CurrencyorganizationFirst National Digital Currency BankorganizationUSDCtopic

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