Agora Receives Conditional In-Principle Approval for U.S. National Trust Bank Charter from the Office of the Comptroller of the Currency

TechFlow reports that on September 22, stablecoin issuer Agora announced it has received preliminary conditional approval from the U.S. Office of the Comptroller of the Currency (OCC) to establish a federally chartered and federally regulated national trust bank. Pending final approval, the trust bank will operate under OCC supervision.

According to Agora CEO and co-founder Nick van Eck, this license will place the company’s stablecoin, custody, and trading infrastructure under direct federal oversight. Agora has currently constructed a comprehensive business framework that includes stablecoins, fiat on- and off-ramps, ledger systems, and relevant licenses, and plans to deliver stablecoins, banking services, wallets, and related software workflows under a single regulated entity.

Additionally, the stablecoin AUSD issued by Agora is issued by Agora Bermuda Limited, which holds an F-class license from the Bermuda Monetary Authority (BMA), authorizing it to conduct digital asset operations within and from Bermuda, including the issuance, sale, and redemption of virtual tokens.