Circle Gets OCC Approval for National Trust Bank, but Analysts Say It Won't Reverse USDC Decline

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According to The Block, Circle recently obtained approval from the U.S. Office of the Comptroller of the Currency (OCC) to establish a national trust bank. However, Mizuho analysts noted the approval, while enhancing Circle's regulatory standing, may not address the core pressure facing USDC—its declining market value and rising competition from OpenUSD.
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