Bastion receives conditional approval for OCC national trust bank charter
WSJ reports stablecoin issuer Bastion received conditional approval for a national trust bank charter from the U.S. Office of the Comptroller of the Currency.
Stablecoin issuer Bastion received conditional approval on Friday for a national trust bank charter from the Office of the Comptroller of the Currency, opening the door to the traditional financial system. The license enables Bastion, pitched as a stablecoin partner for large enterprise, to move further into the banking system.