Circle Applies for a National Trust Bank Charter with the US OCC

On July 1, 2025, Circle filed an application with the U.S. Office of the Comptroller of the Currency (OCC) to create a national trust bank. The proposed entity, named First National Digital Currency Bank, would manage the reserve for Circle’s USDC stablecoin in the United States. The Circle trust bank would operate under federal oversight […] The post Circle Applies for a National Trust Bank Charter with the US OCC appeared first on Coin Edition.