NewsHK
regulatory perimeter around digital assets moved materially when the Office of the Comptroller of the Currency approved a stablecoin issuer to operate as a trust bank.
That issuer, Circle, saw shares climb 12 percent in premarket trading. A routine licensing event does not move a stock 12 percent before the open.
Circle's new federal standing A trust-bank charter places Circle inside the federal supervisory framework that governs traditional custodians.
The OCC is the primary federal regulator for national banks and federal savings associations, so the approval carries authority that state-level money-transmitter licences do not.
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