Circle Wins Final OCC Approval to Launch FDIC-Insured Trust Bank
CRCL•CRCL•CRCL•CRCL•Circle secured final approval from the U.S. Office of the Comptroller of the Currency to establish a crypto-focused national trust bank, enabling it to accept FDIC-insured deposits and custody digital assets. Shares climbed following the announcement.
Circle received final clearance from the U.S. Office of the Comptroller of the Currency on July 10, 2026 to charter a national trust bank dedicated to digital assets under federal supervision.
The new trust bank will be authorized to accept FDIC-insured customer deposits, custody cryptocurrencies including USDC, facilitate payments and extend credit products within a regulated framework.
Circle’s shares rose in response to the banking charter, positioning the company to diversify revenue streams and compete with both traditional banks and crypto-native financial institutions.
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