August 5, 2026, Banking Dive, Stablecoin firm Dakota applies for OCC trust banking
Still, some trust charter applications have generated backlash from banking trade groups such as the Bank Policy Institute and Independent Community Bankers of America, as well as the nonprofit National Community Reinvestment Coalition.
Granting trust charters to stablecoin issuers would blur the statutory boundaries of what constitutes a bank, the NCRC said last November.
