Circle secured a limited-purpose trust charter from the New York Department of Financial Services, allowing it to operate Circle Internet Trust Company and adding state-level oversight to its existing federal OCC national trust approval.
Financial services giant Charles Schwab, with nearly $12 trillion in client assets, announced plans to launch spot Bitcoin and Ethereum trading through a new 'Schwab Crypto' account by the end of Q2 2026, with early access subscriptions now available.
The OCC released a 376-page proposed rule on February 25, 2026, marking the first substantive federal regulatory framework for payment stablecoin issuance under the GENIUS Act. The proposal covers licensing, 100% reserve backing, a two-business-day redemption window, a $5M minimum capital floor, and a strict prohibition on paying yield to holders.
