By Isaac • July 10, 2026 5:27 pm •
Circle just cleared the final federal gate for its own national trust bank.
The Office of the Comptroller of the Currency has given final approval for First National Digital Currency Bank, N.A., which will operate under the much cleaner name Circle National Trust.
The bank will begin with fiduciary digital-asset custody for Circle and its affiliates. A limited institutional custody business may come later.
Management of the USDC Reserve is also planned for a future phase.
That scope is narrower than the phrase “crypto bank” might suggest. Circle National Trust will take no consumer deposits and make no loans.
Its opening job is custody under direct federal supervision.
Circle announced the approval with the legal name,
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