Coinbase Approved to Establish a National Trust Bank
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AI-assisted source synthesis · not an independent investigation.
In April 2026, Coinbase received conditional approval to establish a national trust bank. On November 9, 2026, PYMNTS reported that the U.S. Office of the Comptroller of the Currency (OCC) had approved Coinbase to establish a national trust bank, meaning the earlier conditional approval had advanced to formal approval. The report said the charter would help Coinbase expand its custody business and enter the payments sector. Sources familiar with the matter also said the approval could allow Coinbase to issue its own stablecoin and help other crypto companies issue and manage stablecoins; the report did not say these stablecoin activities had already begun.
AI-written from reports · updated 2 hours ago
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- PYMNTSSelectedCoinbase receives OCC approval to establish a national trust bank
Coinbase has received OCC approval to establish a national trust bank, after receiving conditional approval in April. The charter will help Coinbase expand its custody business and enter the payments sector; people familiar with the matter said the approval could also allow it to issue its own stablecoin and help other crypto companies issue and manage stablecoins.
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