Circle Internet Group Inc. has received conditional approval from the Office of the Comptroller of the Currency $(OCC)$ to establish a national trust bank, First National Digital Currency Bank, N.A. Once fully approved, the bank will operate as a federally regulated trust bank under OCC oversight and will manage the USDC Reserve on behalf of Circle's U.S. issuer. This milestone strengthens Circle's regulatory infrastructure for USDC and aligns with requirements under the recently enacted GENIUS Act. The approval is specific to Circle Internet Group Inc. and not shared with other organizations.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Circle Internet Group Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20251210456415) on December 12, 2025, and is solely responsible for the information contained therein.
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