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Circle Secures OCC Approval to Launch Digital Asset Custody Bank

Partnerships & Ecosystem

2026-07-13 13:32:44

CRCL-3.66%

According to Circle Internet Group, the stablecoin issuer has received final approval from the U.S. Office of the Comptroller of the Currency to establish First National Digital Currency Bank, N.A., operating as Circle National Trust. The new institution will provide institutional custody for USDC and other digital assets under full federal oversight. Circle CEO Jeremy Allaire stated that the OCC approval "marks a defining step in bringing blockchain technology and digital assets into the core of the U.S. financial system."

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