Circle Internet Group has won U.S. Office of the Comptroller of the Currency approval to launch Circle National Trust, a federally regulated national trust bank. The bank will hold digital assets in custody, primarily for Circle and its affiliates, and reinforces the infrastructure behind the USDC stablecoin.
Circle Internet Group has secured approval from the U.S. Office of the Comptroller of the Currency to establish a national trust bank named Circle National Trust.
What the trust bank will do
The bank will provide digital asset custody services, primarily for Circle and its affiliates. It may later extend that custody to institutional customers such as banks and other financial institutions.
Why it matters for USDC
The trust bank strengthens the infrastructure behind USDC, Circle's stablecoin designed to maintain a fixed value against the U.S. dollar. Circle National Trust operates as a federally regulated national trust bank.
The approval follows a longer regulatory path. Circle first applied to the OCC in summer 2025, then won conditional approval in December 2025, when the Trump administration approved plans for five new cryptocurrency-focused national banks. Federal oversight now covers a stablecoin issuer's custody operations.
Source: MarketScreener
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