Agora Files For US National Trust Bank Charter With Occ To Scale Ausd Stablecoin

Agora Finance (@withAUSD), the issuer of the ethereum:0x00000000efe302beaa2b3e6e1b18d08d69a9012a stablecoin, has filed an application with the Office of the Comptroller of the Currency (OCC) for a national trust bank charter under the entity name Agora National Trust Bank. The filing was confirmed by CEO and co-founder Nick van Eck (@Nick_van_Eck).

A Federal Foothold for AUSD

According to van Eck, the strategic logic is straightforward: operating without a US federal charter means relying on third-party banking infrastructure in the world's most important financial market. The charter is framed as a foundational regulatory layer for Agora's broader product roadmap rather than a standalone milestone.

The ethereum:0x00000000efe302beaa2b3e6e1b18d08d69a9012a stablecoin has cleared tens of billions in transfer volume since launching nearly two years ago and is designed for cross-border payments, payroll, and business transactions. Agora currently holds a full licence in Bermuda, which has underpinned its global operations to date. As the company notes, that regulatory foundation has allowed it to build, scale, and service customers globally — but the OCC filing is about "opening the door to the US market under a unified federal framework."

Agora announced the OCC application on 24 April. According to the filing, Agora Bank will primarily provide services relating to digital asset custody, investment advisory, and stablecoin issuance, with its main office set to be located in New York.

Part of a Broader Wave of Crypto Charter Filings

Agora's move is part of a wider push by crypto and fintech firms to secure federal banking licences. From Circle to Morgan Stanley, eleven companies filed for or received OCC national trust bank charter approvals in a span of 83 days. Coinbase received conditional approval for its trust charter application from the OCC in early April, which it intends to use to expand institutional digital asset custody rather than operate as a traditional bank.

Meanwhile, Agora's total value locked grew 60% in one month from DeFi launches, though the company's focus is shifting toward a longer-term bet on stablecoin-powered enterprise payments. The OCC charter, if approved, would give Agora direct access to US financial infrastructure and remove its dependence on partner institutions to operate domestically at scale.

Sources
American Banker – Fintechs Asking For, and Receiving, Bank Charters in 2026
Agora Finance – Official Blog