Circle received approval from the Office of the Comptroller of the Currency (OCC) on July 10 to establish Circle National Trust, as the issuer behind about $73.3 billion in USDC market capitalization.
According to NS3.AI, the approval does not authorize the new entity to accept ordinary deposits, make loans, or offer FDIC-insured retail banking services.
Circle said Circle National Trust will initially provide fiduciary digital-asset custody when it opens. The company added that reserve management is planned as a future capability, but it did not disclose a timeline for when that service would begin.
Circle Wins OCC Approval to Establish Circle National Trust for USDC Custody Services
2026-07-11 11:22:42
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