Original sourcecryptotimes.io
Summary
Agora received preliminary conditional approval from the OCC to establish a federally chartered national trust bank, Agora National Trust Bank, to conduct stablecoin issuance, custody, and trading services under federal supervision, subject to final approval. AUSD remains issued by Agora Bermuda Li…
Key points
- A stablecoin issuer obtaining a federal banking structure is a concrete case of dollar stablecoins moving toward regulated financial infrastructure.
- A federal trust bank structure could become a new path for compliance in stablecoin issuance and custody.
- For enterprise clients, options to custody and issue stablecoins under a federally regulated bank structure are increasing, but actual services still depend on final approval and fulfillment of conditions.
Editorial note
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