Circle has received final OCC approval to establish First National Digital Currency Bank, N.A., a national trust bank operating as Circle National Trust. A major U.S. regulatory milestone that strengthens USDC infrastructure through federally regulated custody, with reserve management planned as a future capability. “Federal oversight of our trust bank sets a new standard for transparency, governance, and scale for Circle’s infrastructure and unlocks a new phase of adoption, where leading financial institutions can build on public blockchains with clarity and confidence.” - @jerallaire https://www.circle.com/pressroom/circle-receives-final-occ-approval-to-establish-national-trust-bank(Circle)