Circle Internet Group, Inc. has taken a major step toward bringing stablecoins closer to the heart of the U.S. financial system.
If fully approved, the bank would be overseen by the OCC, the federal agency that supervises national banks in the United States.
A national trust bank is a special type of bank that focuses on safeguarding assets rather than taking deposits or making loans. In Circle’s case, First National Digital Currency Bank would oversee the USDC Reserve, the pool of cash and short term U.S. government assets that backs every USDC token in circulation.
This matters because stablecoins only work if users trust that each token can be redeemed for real dollars. USDC already publishes regular reserve reports, and Circle says it operates under strict rules. With OCC oversight, those safeguards would move into the same regulatory framework used by traditional finance.
Circle says the approval also helps it meet the requirements of the GENIUS Act, which became U.S. law in July 2025. The law set clear standards for stablecoin issuers, including rules around reserves, risk management, and transparency.
Circle announced that OwlTing has officially joined the Circle Payments Network (CPN). This will unlock near-instant settlement using stablecoins like USDC across fast-growing markets. This integration enables faster, more cost-effective cross-border flows for B2B payments, remittances, and payroll. This will help businesses and individuals move money efficiently.
With Circle’s established regulatory presence in the U.S., EU, and Asia, OwlTing users can now access compliant. Also, real-time global settlements through a single CPN integration, simplifying international transactions while maintaining trust and transparency.
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Very proud of this moment. Many years ago we talked about our vision for full-reserve dollar digital currency, the need to enshrine that into law, and our intention to become the First National Digital Currency Bank with this core aim. Today’s conditional approval for Circle’s Show more
“This milestone deepens Circle’s commitment to the highest standards of trust and compliance.” - @jerallaire Circle has received conditional approval from the OCC to establish First National Digital Currency Bank, N.A., a key step toward GENIUS Act compliance and further
A capstone on 2025 - a year of milestones for @circle and stablecoins. From the passage of the landmark GENIUS Act, to today's news that we received a conditional approval from the @USOCC for a national trust charter. Read the news below. circle.com/pressroom/circ…
