Agora Wins Preliminary OCC Approval to Launch U.S. National Trust Bank

Agora has received preliminary conditional approval from the Office of the Comptroller of the Currency to establish a national trust bank in the U.S., moving the stablecoin company closer to bringing some of its operations under federal oversight.

The proposed bank would handle parts of Agora’s stablecoin, custody and transaction businesses, but it cannot begin operating until the company meets conditions set by the OCC. Those requirements include capital, liquidity and governance standards.

Agora’s Proposed Banking Structure

Agora issues AUSD through Agora Bermuda Limited under Bermuda’s digital-asset rules. The stablecoin is backed by short-term U.S. Treasuries and other liquid assets.

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The proposed bank would also provide fiduciary investment advisory services to institutional clien…

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