Author: Benjamin Lee

A leading stablecoin issuer has secured federal approval to launch a dedicated trust bank for digital asset custody services. Circle Internet Group says it has received final approval from the U.S. Office of the Comptroller of the Currency to establish First National Digital Currency Bank, N.A., operating as Circle National Trust. The new institution will provide institutional custody for USDC and other digital assets under full federal oversight. Circle Chairman and CEO Jeremy Allaire says the milestone strengthens Circle’s regulated infrastructure and places the bank under direct OCC supervision. “OCC approval to establish Circle National Trust marks a defining step…