๐๏ธ Circle Gets OCC Bank Charter โ USDC Now Backed by a Federally Regulated Bank
Circle received final OCC approval on July 10 to launch Circle National Trust, a federally supervised national trust bank that will hold USDC reserves and offer digital asset custody to institutional clients. Shares jumped ~5% on the news, capping an application process that started in June 2025. Circle joins Crypto.com, Kraken, and Ripple in pushing for federal banking status โ a sign stablecoin issuers want bank-grade credibility. Does having a chartered bank behind USDC change your view on stablecoin risk? Not financial advice.
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