Ripple, Circle, Paxos, Fidelity, and BitGo obtain banking licenses in the USA

Source: PortaldoBitcoin Original Title: Ripple, Circle, Paxos, Fidelity and BitGo Receive Banking Licenses in the US Original Link: Five stablecoin issuers received conditional approval for national bank charters from the Office of the Comptroller of the Currency (OCC), the agency announced on Friday.

The OCC conditionally approved applications for new national bank charters for First National Digital Currency Bank, issuer of Circle’s USDC, and Ripple National Trust Bank. The other three — BitGo, Fidelity Digital Assets, and Paxos Trust Company — already held state charters and were conditionally approved for conversion.

“New participants in the federal banking sector are beneficial for consumers, the banking industry, and the economy,” said Jonathan V. Gould, Comptroller of the Currency, in a press statement.

“They offer access to new products, services, and sources of credit for consumers, and ensure a dynamic, competitive, and diverse banking system,” he concluded.

Stablecoins grew to a market of US$ 313 billion in 2025, gaining more than US$ 100 billion since the beginning of the year, according to price aggregator CoinGecko. This is largely due to the signing of the GENIUS Act, which created a regulatory framework for issuers in the US.