Browsing: Bank

You’ve built the company, passed investor diligence, and set up treasury workflows that make sense on-chain. Then your bank sends a closure notice, or a payment provider freezes a euro transfer because the recipient is connected to a stablecoin issuer. Your team can still see the assets, but payroll, contractors, card spend, and vendor invoices…

Circle has received final approval from the U.S. Office of the Comptroller of the Currency (OCC) to establish a national trust bank, marking one of the biggest regulatory milestones a stablecoin issuer has ever reached in the United States. The new entity — formally First National Digital Currency Bank, N.A. — will operate as Circle…