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Topic: occ

Cryptocurrency hardware wallets and a physical coin, representing digital-asset custody
Crypto
Friday, 7/10, 10:43 AM

Circle Wins Final US Approval to Run a National Trust Bank for USDC

  • Circle, the company behind the USDC stablecoin, has received final approval from a US banking regulator to operate a national trust bank.
  • The new entity, Circle National Trust, will hold digital assets in custody and is set to help oversee the reserves backing USDC, placing one of crypto's biggest firms squarely under federal banking supervision.

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