Circle Wins OCC Approval For National Trust Bank, Shares Jump 7.7% Premarket

Leveraging mobile money frameworks for stablecoin regulation could enhance financial inclusion and streamline cross-border transactions globally. The post Circle highlights mobile money frameworks as foundation for stablecoin adoption appeared first on Crypto Briefing.

The post Circle Bags Approval To Launch First National Crypto Bank, CRCL Stock Shoots 10% appeared on BitcoinEthereumNews.com. Circle Internet Group, Inc. (NYSE: CRCL), a financial technology firm, announced today that it has received approval from the U.S. Office of the Comptroller of the Currency (OCC) to set up Circle National Trust, or First National Digital Currency Bank, N.A. (“FNDCB”). The authorization will be an important regulatory milestone for a stablecoin issuer, which pushed the CRCL stock up by 10%. Circle Eyes Establishing National Digital Asset Trust The latest feat puts its national trust bank directly under federal control and prepares for federally regulated custody and, eventually, management of USDC reserves. The new institution will initially offer digital asset custody services for fiduciary purposes to Circle and its affiliates. The OCC-approved business plan allows the bank to expand those services, on an optional basis, to a selected subset of institutional c

Circle's new OCC-chartered trust bank gives USDC federal custody backing, sending CRCL up 10%+ as it claws back OpenUSD selloff losses.

The post Circle Wins OCC Approval to Launch First National Digital Currency Bank appeared on BitcoinEthereumNews.com. Circle wins OCC approval to launch Circle National Trust, bringing USDC custody and reserve operations under federal oversight. Circle has received final approval from the U.S. Office of the Comptroller of the Currency. The approval allows the company to form First National Digital Currency Bank, N.A. The bank will operate as Circle National Trust once it launches. Circle said the structure will place key digital asset services under federal oversight. The approval comes as USDC remains widely used across crypto trading, payments, and settlement. Circle said the bank will support custody for stablecoins and other tokenized assets. Circle also said the move fits its long-term plan for digital dollars. The company expects the structure to support USDC operations as U.S. rules develop. Circle Gets OCC Approval for National Trust Bank Circle said the OCC approval creates a

The post EURC On-Chain Activity Hits All-Time High As MiCA Drives Euro Stablecoin Demand appeared on BitcoinEthereumNews.com. Circle’s EURC stablecoin just printed its busiest day on-chain in the asset’s four-year history. Both daily active addresses and new wallet creation exploded to record levels, according to the on-chain update from Santiment. The sudden burst of usage is not noise. It aligns with a structural shift as European exchanges, apps, and payment teams hunt for compliant alternatives under the continent’s new crypto rulebook. A Sudden Spike in Euro Coin Usage Active addresses and network growth are two of the bluntest tools for measuring real adoption. A simultaneous surge in both suggests fresh capital and new participants—not just existing holders shuffling tokens. EURC’s daily active addresses vaulted to an all-time high, and the number of new wallets entering the network did the same. That dual breakout rarely happens by accident. The timing is critical. For years, d

The post Circle Wins OCC Approval for Nationwide USDC Reserve Trust Bank appeared on BitcoinEthereumNews.com. Key Takeaways: The Office of the Comptroller of the Currency (OCC) has issued its final approval of a national trust bank founded by Circle. Circle can hold its stablecoins on the Federal Reserve’s books from now on. In the Federal Charter, the provision is added to the legal regulation of stablecoins, which puts the stablecoin issuer under direct control of national banking regulators. Final pledges by the U.S. Office of the Comptroller of the Currency clear the way for Circle to launch a national trust bank. This is the stablecoin issuer’s lengthy process of evaluation completed. The approval places the firm in the category of a financial institution chartered by the federal government and makes it no longer a state-regulated money transmitter. Circle’s main business systems are going to be deployed in the federal banking system. At the time of writing, USDC is the second (by

The post Circle (CRCL) Wins Final OCC Approval For National Trust Bank appeared on BitcoinEthereumNews.com. Circle Internet Group secured final approval from the U.S. Office of the Comptroller of the Currency today, to establish a national trust bank, a milestone that sent the stablecoin issuer’s shares higher and deepened its ties to the federal banking system. The regulator cleared Circle to charter First National Digital Currency Bank, N.A., which will operate under the name Circle National Trust.  The company, which trades on the New York Stock Exchange under the ticker CRCL, said the charter places the new entity under direct federal oversight by the OCC, the primary supervisor for national banks and national trust banks. Circle National Trust will provide fiduciary custody services for digital assets held by Circle and its affiliates. Under the business plan the OCC approved, the bank could extend custody services to a limited set of institutional customers, with a focus on banks

Circle wins OCC approval to launch Circle National Trust, bringing USDC custody and reserve operations under federal oversight. Circle has received final approval from the U.S. Office of the Comptroller of the Currency. The approval allows the company to form First National Digital Currency Bank, N.A. The bank will operate as Circle National Trust once […] The post Circle Wins OCC Approval to Launch First National Digital Currency Bank appeared first on Live Bitcoin News.