Crypto exchange Coinbase has applied for a National Trust Company Charter with the OCC, aiming to bridge the gap between crypto and traditional finance. Former employee Luke Youngblood sees potential for improved services. Approval would allow Coinbase to expand beyond custody services to payments under clearer regulatory guidance. Other crypto companies are pursuing the same license, including Circle and Ripple Labs. Ripple Labs CEO Brad Garlinghouse sees it as a unique benchmark for trust in the stablecoin market.

Read more at Cointelegraph.: Coinbase Applies For National Trust Company Charter