The era of regulated stablecoins in the cryptocurrency space is officially accelerating, and the institutional adoption and trust in USDC will significantly increase!

Circle has received conditional approval from the Office of the Comptroller of the Currency (OCC) to establish First National Digital Currency Bank, N.A., which is a key milestone for the crypto industry’s deep integration into the federal regulatory framework.

Key points: This bank will serve as a federally regulated trust bank, specifically responsible for managing USDC reserve assets, enhancing the security and regulatory transparency of the reserves.

This directly helps Circle meet the requirements of the GENIUS Act (the first federal regulatory framework for stablecoins in the U.S.) signed by President Trump in July this year, promoting USDC to become a more compliant and reliable global digital dollar.

At the same time, several institutions, including Ripple, Paxos, BitGo, and Fidelity, have also received similar approvals, and the total market size of stablecoins has exceeded $310 billion, growing by over $100 billion this year.

Circle CEO Jeremy Allaire stated: "This deepens our commitment to the highest standards of trust and compliance, allowing USDC to connect directly to the Federal Reserve's settlement system and further integrate into the global financial infrastructure."