Circle Wins National Trust Bank Charter, Marking US Crypto Banking Shift

TREE NEWS update: Circle has received final OCC approval to establish a National Trust Bank, becoming one of the first stablecoin issuers to enter the US federal banking system. This move, driven by the GENIUS Act’s regulatory framework, signals a shift from restrictive to integrative regulation of Web3 infrastructure, with implications for stablecoin issuance and payment infrastructure. The charter allows Circle to operate under federal oversight, potentially reducing state-level compliance costs and enabling future access to Federal Reserve payment systems.