Circle wins final OCC approval for U.S. national trust bank

Circle has received approval from the OCC to establish Circle National Trust, a federally regulated national trust bank. The charter strengthens the infrastructure behind USDC and could eventually bring management of the stablecoin’s reserve under direct federal oversight. Jeremy Allaire Hails OCC Charter as Circle Expands USDC Circle Internet Group has received approval from the […]

The post Circle Wins Final OCC Approval for National Trust Bank appeared on BitcoinEthereumNews.com. The stablecoin issuer received a charter for First National Digital Currency Bank, allowing it to custody digital assets and, eventually, hold USDC reserves under direct federal supervision. Shares rose more than 10%. Circle Internet Group (NYSE: CRCL) said on July 10 that it received final approval from the U.S. Office of the Comptroller of the Currency to establish a national trust bank, a step that brings the infrastructure behind USDC under direct federal banking supervision. The new entity, chartered as First National Digital Currency Bank, N.A. and operating under the name Circle National Trust, will provide custody services for digital assets. According to the business plan approved by the OCC, the bank is also designed to eventually manage the reserves backing USDC, the second-largest stablecoin by market capitalization. “OCC approval to establish Circle National Trust marks a d

The stablecoin issuer received a charter for First National Digital Currency Bank, allowing it to custody digital assets and, eventually, hold USDC reserves under direct federal supervision. Shares rose more than 10%.

Circle's open-source kits could accelerate AI-driven financial transactions, fostering innovation and integration of digital currencies in AI. The post Circle open-sources Agent Stack starter kits to bring USDC payments into AI frameworks appeared first on Crypto Briefing.

The post Circle Wins Final OCC Approval for National Trust Bank as Shares Rise appeared on BitcoinEthereumNews.com. Circle secured final OCC approval to establish a federally regulated national trust bank in the U.S. CRCL shares climbed nearly 12% as investors reacted to Circle’s latest federal regulatory milestone. The bank can provide digital asset custody and may later oversee reserve assets supporting USDC circulation. USDC generated 94% of Circle’s first-quarter revenue through reserve income tied to its circulation. Circle Internet Group has secured final approval from the U.S. Office of the Comptroller of the Currency to establish a federally regulated national trust bank. The decision marks the company’s regulatory milestone since its 2025 public listing and triggered a rise in its shares. CRCL stock traded near $70.42 in premarket trading, gaining about 11.84% after the announcement. The move reflected investor attention on the company’s role in regulated digital asset infrast

The post Circle OCC Trust Bank Secures Final National Charter appeared on BitcoinEthereumNews.com. Circle has cleared one of the most significant regulatory hurdles in its history, securing final approval from the Office of the Comptroller of the Currency to establish a national trust bank. The entity, formally named First National Digital Currency Bank, N.A., will operate under the brand Circle National Trust — placing the USDC issuer squarely inside the federal banking framework for the first time. Key takeaways Circle received final OCC approval to open First National Digital Currency Bank, N.A., operating as Circle National Trust, under direct federal oversight. At launch, Circle National Trust will provide fiduciary digital asset custody for Circle and its affiliates — not yet manage the USDC Reserve, which is deferred to a future phase. The national trust charter prohibits cash deposits and loans but permits holding customer assets. USDC issuance will move to a New York limited-p

The post Circle’s USDC Bridge Could Change How Stablecoins Move Across Chains appeared on BitcoinEthereumNews.com. Circle launches USDC Bridge for direct cross-chain transfers as OCC approves its national trust bank plan. Circle has launched USDC Bridge to help users move USDC directly across supported blockchains. The product is designed to reduce extra steps in stablecoin transfers. The company said the bridge avoids extra asset selection, hidden routing logic, and liquidity pool dependency. This gives users a more direct path between chains. The launch comes as stablecoins remain central to trading, payments, and on-chain settlement. USDC is widely used across apps, exchanges, and DeFi markets. Circle also received final approval from the OCC to form a national trust bank. Its shares rose more than 7.7% in pre-market trading after the announcement. Circle Launches Direct USDC Bridge USDC Bridge gives users a direct way to move USDC across supported networks. The product was built by

The post Circle (CRCL) Stock Soars 13% Following Federal Trust Bank Charter Approval appeared on BitcoinEthereumNews.com. Key Highlights CRCL equity climbs 13% following OCC’s final approval for national trust bank charter Circle National Trust will provide federally regulated custody for digital assets Federal OCC oversight will apply to the trust bank’s operations across the United States Management of USDC reserves is planned for future integration into banking services The approval enhances Circle’s position in worldwide regulatory compliance efforts Shares of Circle Internet Group (CRCL) climbed 13.17% during pre-market hours, reaching $71.25 following the OCC’s final banking approval. This marked a significant rebound from the prior session’s close of $63.01, which represented a 1.65% decline. The regulatory green light enables the company to launch a federally supervised national trust bank specializing in digital asset custody operations. Circle Internet Group, CRCL OCC Grants