Circle Grabs US Trust Bank Nod — USDC Moves Inside Finance

Circle’s OCC win gives USDC a federally supervised custody stack—but not bank-deposit status.

Key takeaways

• On Friday, July 10, 2026, Circle became the first company in a recent stablecoin-charter wave to win final Office of the Comptroller of the Currency approv...
• Circle will establish Circle National Trust, formally First National Digital Currency Bank, N.A., after applying for the charter in June 2025, according to...
• July 10, 2026: Circle Converts a Charter Filing Into Federal Trust Bank Approval
• Circle’s approval does not mean USDC has become a bank deposit. It also does not mean Circle National Trust will immediately serve the entire institutional market.

👉 Read the full breakdown on MLXIO

Canonical source: https://mlxio.com/crypto/circle-usdc-trust-bank