Several stablecoin-focused entities have received conditional approval from the Office of the Comptroller of the Currency since December. Wise plans to resubmit its national trust bank application structured under the GENIUS Act framework, positioning the filing inside the same regulatory track the OCC has been processing.
OCC's conditional approval track
The OCC is the federal chartering authority for national banks. Since December, it has granted conditional approval to several stablecoin-focused entities. Conditional approval sits below a full charter but represents a formal regulatory milestone: the regulator has reviewed the application and found it substantially compliant, subject to remaining conditions.
Wise's resubmission under the GENIUS Act
Wise is resubmitting rather than filing fresh. The GENIUS Act provides a federal legislative framework for stablecoin operations, and the OCC has been processing applications inside it since December. Anchoring the refiled application to that statute aligns Wise's approach with the basis the regulator has already accepted from other applicants. A national trust bank charter from the OCC, if granted, would give Wise a federally issued banking authorization.
The source provides no specific figures for charter count, filing dates, or financial terms. Per desk policy, none have been supplied.