Circle Wins Final Federal Approval for National Trust Bank Charter

The GENIUS Act is reshaping US stablecoin oversight, pushing issuers toward bank-like compliance while regulators and industry players race to meet rolling deadlines.

Circle received final federal regulatory approval to operate as a national trust bank, beginning with custody services. The charter grants Circle a concrete banking-grade institutional infrastructure status in the United States, separate from the stablecoin-issuer framework being defined under the GENIUS Act.