Agora Wins Preliminary OCC Approval to Launch U.S. National Trust Bank
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According to ChainCatcher, stablecoin issuer Agora announced on X that it has received preliminary conditional approval from the U.S. Office of the Comptroller of the Currency (OCC) to form a national trust bank. Agora stated that this is an early milestone on its path towards a fully licensed and regulated stablecoin infrastructure.
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The Office of the Comptroller of the Currency granted Catena Labs preliminary conditional approval to organize Catena Trust Bank, N.A. The Sept. 18 decision moves Catena from applicant to bank organizer, but does not authorize the proposed institution to open. Catena says the proposed bank is... Read the full story at The Defiant
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Coin EditionAgora Wins Preliminary OCC Approval to Launch U.S. National Trust Bank
Agora has received preliminary conditional approval from the Office of the Comptroller of the Currency to establish a national trust bank in the U.S., moving the stablecoin company closer to bringing some of its operations under federal oversight. The proposed bank would handle parts of Agora’s...
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