Original sourceCryptoslate
Summary
The US Office of the Comptroller of the Currency (OCC) has approved a new class of 'national trust banks' focused on custody, managing digital assets, and stablecoin reserves, but they do not take deposits, make loans, or have FDIC insurance. Circle has received final approval for Circle National T…
Key points
- Understanding the new crypto banking model in the US and its impact on stablecoin and digital asset custody.
- These non-deposit trust banks will be key infrastructure for stablecoins and tokenized assets.
- Crypto firms will have more compliant custody options, but customers should note the lack of deposit insurance.
Editorial note
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