Circle Wins Final OCC Approval to Establish a National Trust Bank

Circle Internet Group, issuer of the USDC stablecoin, announced on July 10, 2026 that it received final approval from the U.S. Office of the Comptroller of the Currency (OCC) to establish a national trust bank called Circle National Trust. The company filed its application on June 30, 2025 and received conditional approval in December 2025. The new bank will provide fiduciary digital asset custody services for Circle and its affiliates, and may eventually extend custody services to a limited number of institutional clients such as banks and other financial institutions. The approval is one of the first federal charters granted specifically for a crypto trust bank in the United States and strengthens the regulatory infrastructure behind USDC, the world's largest regulated stablecoin.