Bastion wins conditional OCC approval for a national trust bank charter

Bastion, a stablecoin infrastructure company, received conditional approval from the Office of the Comptroller of the Currency (OCC) to convert its New York trust company to Bastion Platforms National Trust Company. After meeting the remaining conditions, the charter will unify issuance, custody, and conversion of stablecoins in one federally regulated entity and bring stablecoins closer...