Circle National Trust
The OCC gave final approval in July 2026 for a national trust bank. It is not yet open for business.
What it is
Circle National Trust is a national trust bank that will offer fiduciary digital asset custody for Circle and its affiliates. The charter also covers future management of the USDC reserve.
Why it matters to the stock. A federal trust charter would let Circle hold and manage reserves under federal supervision. That supports USDC under the GENIUS Act framework and widens what Circle can offer institutions.
News
OCC grants final approval for Circle National Trust, a federal trust bank
The Office of the Comptroller of the Currency gave final approval to Circle's application to establish First National Digital Currency Bank, N.A., which will operate as Circle National Trust.
Regulation