BREAKING: Circle Gets U.S. Federal Banking Approval

The OCC has granted conditional approval for #Circle to establish "First National Digital Currency Bank", a federally regulated trust bank.

What this means:

→ $USDC Reserve now under federal oversight

→ First stablecoin issuer to receive this charter

→ Meets GENIUS Act stablecoin law requirements

→ Ripple, Paxos, BitGo & Fidelity also approved

Key context:

This is a Trust Bank (custody & fiduciary services only)

Cannot accept deposits or offer FDIC insurance

Approval is conditional, final steps still pending

Why it matters:

Strongest regulatory backing any stablecoin has achieved in the U.S. Major trust signal for USDC and crypto's mainstream adoption.