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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.
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