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OCC Approves Circle and Ripple for National Banking Charters Amid $313 Billion Stablecoin Surge

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The Office of the Comptroller of the Currency (OCC) has conditionally approved national banking charters for Circle’s First National Digital Currency Bank and Ripple National Trust Bank, alongside BitGo, Fidelity Digital Assets, and Paxos. The move, under the GENIUS Act, aims to integrate stablecoins into traditional finance and improve consumer protections. The digital asset market hit $313 billion in 2025, with stablecoins surging over $100 billion year-to-date. The fear and greed index currently reflects moderate optimism amid the rapid expansion.
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