Circle Gains OCC Approval for USDC Stablecoin Bank

The company announced that it has received conditional approval from the Office of the Comptroller of the Currency to establish a national trust bank called First National Digital Currency Bank, N.A. If fully approved, the bank would be overseen by the OCC, the federal agency that supervises national banks in the United States.

Source: altcoinbuzz.io

Related symbols: OCCUSD