Circle Internet Group, Inc. (NYSE: CRCL), a global financial technology and leader of the Stablecoin Market, formally applied to the Currency’s Office (OCC) for the establishment of Trust National Bank, First National Digital Bank Bank, NA
If approved, the first National Digital Coin Bank, NA will be authorized to operate as a federally regulated trust institution, without prejudice to OCC supervision and oversee the management of the USDC reserve on behalf of the US issuer of Circle. Approval will also further enhance the infrastructure that supports the USDC version and circulation and will provide digital asset services to institutional customers.
A federally adjustable confidence map would also help the circle to meet the expected requirements under the law on proposed genius law, which would be an essential step forward in integrating the digital assets into the wider US financial system.
“The creation of a National Bank of Digital Coins of this kind marks a significant milestone in our goal of building an internet financial system that is transparent, effective and accessible,” said Circle’s co -founder, President and CEO Jeremy Allaire. “By applying for a national confidence map, the cycle takes precautionary steps to further enhance our USDC infrastructure. In addition, we will be aligned with the emerging US arrangement for the issuance and operation of the world based on the construction of founders to build.
The application of Circle OCC is based on the company’s global history to be the first to seek basic licenses and licenses in multiple jurisdictions. In 2015, the company secured the first NYDFS Bitlicense and remains committed to working with NYDFS, the leading digital assets regulator in the US in 2024, Circle became the first worldwide publisher Stablecoin to comply with European Union regulations in the European Union regulations. More recently, in April 2025, the cycle received approval from the original principle of the global market for the financial services of the world market of Abu Dhabi to operate as a money provider.