OCC grants Bastion conditional national trust bank charter
- —Bastion received conditional OCC approval for national trust charter No. 27198
- —The charter covers custody, stablecoin issuance, payments and USDC conversion
- —The company will not take deposits and will not receive FDIC insurance
- —On the same day the OCC approved conditional charters for Catena and Agora
Why it matters: A federal charter replaces dozens of state licenses and signals that stablecoin infrastructure is being brought inside the U.S. banking perimeter.
Source: Crypto Briefing