Circle Secures OCC Approval to Establish National Trust Bank, Driving Stock Rally

Circle (CRCL) shares surged over 7% after the company announced it received final approval from the US Office of the Comptroller of the Currency (OCC) to establish Circle National Trust. This new federally chartered trust bank will provide institutional digital asset custody services under U.S. regulation, a development expected to strengthen USDC's position as a leading regulated stablecoin and expand Circle's reach to regulated institutional investors.