Circle Wins Final OCC Approval to Launch a National Trust Bank for USDC Custody

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Circle (NYSE: CRCL) announced July 10 that the U.S. Office of the Comptroller of the Currency granted final approval to establish First National Digital Currency Bank, N.A., operating as Circle National Trust and authorized to open on or after July 10, 2026. The federally regulated trust bank will provide fiduciary digital-asset custody for USDC — the largest regulated stablecoin — starting with Circle and affiliates, with planned expansion to institutional clients and future reserve management. It is a significant regulatory milestone for stablecoin infrastructure in the US.