Five stablecoin issuing companies received preliminary authorization to obtain national bank charters from the Office of the Comptroller of the Currency of the United States (OCC), according to a statement released this Friday (12).
Among those approved are the First National Digital Currency Bank, responsible for Circle's USDC, and the Ripple National Trust Bank, which had their requests for new national charters conditionally accepted. BitGo, Fidelity Digital Assets, and Paxos Trust Company, which previously operated with state licenses, received the green light to migrate to the national regime.
According to Jonathan V. Gould, the current Comptroller of the Currency, the entry of new players into the federal banking system brings benefits both for consumers and for the financial sector and the economy in general. He emphasized that these institutions expand access to products, services, and credit, as well as strengthen the diversity and competitiveness of the banking system.
The stablecoin market reached a mark of $313 billion in 2025, a growth of over $100 billion just this year, according to data from CoinGecko. This advancement was primarily driven by the approval of the GENIUS Act, which established a regulatory framework for issuers in the United States.
