The OCC on July 10 granted Circle Internet Group approval for a national trust bank charter — the first awarded to a stablecoin issuer — sending Circle shares up 13% and placing USDC reserves under direct federal oversight.
The OCC on July 10 granted Circle Internet Group approval for a national trust bank charter — the first awarded to a stablecoin issuer — sending Circle shares up 13% and placing USDC reserves under direct federal oversight.