
Circle Wins Final OCC Approval for a National Trust Bank
Circle National Trust won final OCC approval, letting the issuer custody digital assets and eventually manage the USDC reserve under federal supervision.
Altcoins, ETH & general crypto

Circle National Trust won final OCC approval, letting the issuer custody digital assets and eventually manage the USDC reserve under federal supervision.

Gyeonggi Province will run an eight-month won stablecoin proof of concept from August, led by ZKrypto, with no issuer or legal frame named.

Trade-press reporting says the UAE central bank cleared DDSC, a dirham-backed payment token, to list on VARA-regulated exchanges in Dubai.

More than 140 companies, including Stripe, Coinbase, Visa and BlackRock, backed Open USD, a consortium stablecoin with fee-free minting that returns reserve income to partners. Circle shares fell more than 17% to a four-month low.

Stablecoin supply fell $7.7 billion in June to about $312 billion, the first monthly contraction in five months, while adjusted transfer volume set a record $1.79 trillion. Supply down and usage up is the month's central puzzle.

The Bank of England capped any systemic sterling stablecoin at ยฃ40 billion in issue, dropping its proposed per-holder limits. Feedback closes 22 September.