Agora receives preliminary conditional approval for national trust bank charter from OCC

Stablecoin issuer Agora announced on September 22 that it has received preliminary conditional approval from the Office of the Comptroller of the Currency (OCC) to establish a federally chartered national trust bank. Once finalized, the entity will operate under federal oversight, integrating Agora's stablecoin, custody, and trading infrastructure. Agora currently operates under a Class F license from the Bermuda Monetary Authority (BMA) for its AUSD stablecoin.