TLDR Tech / Fintech
Circle gets OCC approval to operate as a trust bank
Circle received OCC approval to operate as Circle National Trust, allowing it to directly manage reserves for USDC and other regulated stablecoins instead of relying on third-party banks and custodians. The approval reflects crypto's shift from financial apps to regulated infrastructure, as firms like Circle, Coinbase, BitGo, Ripple, and Paxos move to own more of the financial stack while competition from banks, Swift, and Open USD intensifies.
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