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Circle is seeking approval from the Office of the Comptroller of the Currency(OCC) to establish a national trust bank that would oversee its USDC stablecoin reserves
Circle had a successful initial public offering (IPO) in June 2025.
A national trust bank charter would permit Circle to oversee custody of USDC reserves and offer services tailored to institutional customers
Circle is the second-largest stablecoin issuer and the company behind USDC stablecoin

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