Exchange Ranking
Top Exchanges
24h Volume Ranking
Popularity Ranking
Exchange BTC Balance
Proof of Reserves
Decentralized Exchanges
Funding Rate
Funding Heatmap
Liquidation Data
Max Pain
Long/Short Ratio
Whale L/S Ratio
Binance/Okex/Huobi L/S
Bitfinex Margin L/S
ETF Tracker
Solana ETF
XRP ETF
Hong Kong ETF
Bitcoin Treasuries
Crypto Reversal
Ethereum Reserves
HyperLiquid Wallet Analysis
Hyperliquid Whale Watch
Large Transactions
On-chain Movement
Bitcoin ROI
Stablecoin Market Cap
Options Analysis
News
Articles
Economic Calendar
Features
Wallet
Contract Calculator
Security
Collections
Watchlist
FollowingCircle has received final approval from the Office of the Comptroller of the Currency to establish Circle National Trust Bank. This gives the USDC issuer a federally regulated National Trust Bank.
This approval means Circle National Trust Bank will be subject to OCC supervision and allow the entity to provide entrusted digital asset custody services. Circle said the bank will first serve Circle and its affiliates, and later expand to institutional customers such as banks and other regulated financial institutions.
Circle CEO Jeremy Allaire called the authorization \"a decisive step in bringing blockchain technology and digital assets to the heart of the U.S. financial system.\" He said that as stablecoins further integrate into the regulated financial sector, federal regulation provides a stronger governance and transparency framework for Circle\'s infrastructure.
On July 10, Circle\'s share price closed at US$66.14, hitting an intraday high of US$73.63, and the company\'s market value was approximately US$17.6 billion. After receiving approval from the trust bank, the stock closed higher on the day.
Trust banks strengthen USDC infrastructure
Circle National Trust Bank is not a commercial bank. National Trust Bank can provide custody and trusteeship services, but it does not absorb retail deposits or issue loans like traditional banks.
This architecture provides a clearer federal regulatory framework for parts of Circle\'s stablecoin infrastructure. Circle said the reserve management plan serves as a future capability, while the first phase focuses on digital asset custody services related to Circle\'s own operations and affiliated companies.
USDC remains one of the largest dollar-backed stablecoins in the cryptocurrency space and a core clearing asset in exchanges, wallets, fintech applications and the DeFi protocol. Circle\'s regulatory status has become increasingly important as payment companies, banks and asset management companies move further into digital dollar products.
This competition is expanding. Open Standard recently launched Open USD with more than 140 partners including Visa, Stripe and Coinbase, launching a broader battle for stablecoin distribution in areas such as payments, wallets, exchanges and merchant infrastructure.
stablecoins push access to banking track
Prior to Circle\'s approval, digital asset companies are gaining momentum in seeking federal bank or trust bank licenses. The OCC has conditionally approved a number of cryptocurrency-related trust banking applications in December last year, including Circle\'s previous application for a national trust license.
The move comes at a time when stablecoins are increasingly linked to traditional payment tracks. Visa has expanded stablecoin settlement on Polygon, providing issuers with another way to settle card flows outside of regular banking hours.
Circle\'s trust banks add a layer of regulated custody services to the market. The company\'s next phase depends on how quickly Circle National Trust Bank expands from internal and related services to institutional custody, reserve management functions and stablecoin infrastructure for banks.
