web3: Circe has been approved by the OCC and the National Trust Bank will be responsible for USDC and digital asset storage

Circe recently announced that it had obtained the approval of the United States Monetary Supervisory Authority (OCC) to allow the National Trust Bank to be responsible for the storage of its USDC and other digital assets. This initiative represents an important development in the area of stabilizing currency regulation by Circe and is expected to have a positive impact on the use and confidence of USDC.

Role of the National Trust Bank

The role of the National Trust Bank will ensure that USDC has secure storage in a compliance environment, further promoting the mainstreaming of digital assets. The decision of Circle not only meets regulatory requirements, but also provides greater security and transparency for its users.

Promoting market development

This approval will enable Circle to better meet client needs while promoting the healthy development of the digital asset market.