According to Bloomberg, Coinbase, the largest cryptocurrency exchange in the United States, announced that its application for a national trust bank license received final approval from the Office of the Comptroller of the Currency (OCC) last week. This license will help Coinbase expand its crypto asset custody and payments business and may allow it to issue its own stablecoin, as well as provide stablecoin issuance and management services to other crypto companies. The OCC had previously granted Coinbase conditional approval in April of this year. A national trust bank license differs from a full banking license; the licensed institution cannot accept ordinary deposits or make loans like a traditional commercial bank. Coinbase thus joins Circle, Ripple, and other crypto companies that have received final approval from the OCC. https://www.(wublock123.com)/news/coinbase-trust-bank-licence-occ-final-approval-custody-stablecoin-71591