$BTTC 4⭕️ COINBASE receives federal banking trust charter 🏦
After months of waiting, COINBASE received final OCC approval to establish a “national trust company.” The charter takes effect on November 6, 2026, placing digital asset custody services under direct federal supervision. Meanwhile, PNC Bank began testing USDC payments for corporate clients through COINBASE’s infrastructure.
🔸 Key points:
• 🏦 The OCC charter covers only trust and custody services, not traditional deposits or lending
• ⚖️ COINBASE must maintain at least $60 million in Tier 1 capital
• PNC Bank automatically converts USDC payments into dollars
• 📉 COIN stock is down about 40% since the start of 2026 and is trading near $136…
📊 Source: News.Bitcoin.com | https://news.bitcoin.com/finance/coinbase-lands-federal-trust-approval-expands-pnc-stablecoin-deal/
@baxcryptonews
After months of waiting, COINBASE received final OCC approval to establish a “national trust company.” The charter takes effect on November 6, 2026, placing digital asset custody services under direct federal supervision. Meanwhile, PNC Bank began testing USDC payments for corporate clients through COINBASE’s infrastructure.
🔸 Key points:
• 🏦 The OCC charter covers only trust and custody services, not traditional deposits or lending
• ⚖️ COINBASE must maintain at least $60 million in Tier 1 capital
• PNC Bank automatically converts USDC payments into dollars
• 📉 COIN stock is down about 40% since the start of 2026 and is trading near $136…
📊 Source: News.Bitcoin.com | https://news.bitcoin.com/finance/coinbase-lands-federal-trust-approval-expands-pnc-stablecoin-deal/
@baxcryptonews