Circle wins final US federal banking charter — $73.2bn stablecoin moves to OCC framework

Circle, the issuer of the USDC stablecoin, received final approval from the US Office of the Comptroller of the Currency (OCC) to establish a national trust bank. The move brings Circle's $73.2 billion stablecoin under a unified federal regulatory framework. The approval marks a landmark regulatory moment for the US cryptocurrency market.