Texas United Bank receives OCC license upgrade and will provide USD settlement services for cryptocurrencies
By: rootdata|2026/05/29 04:45:00
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United Texas Bank announced that it has received approval from the Office of the Comptroller of the Currency (OCC) to convert its state bank charter into a national bank charter, allowing it to directly access the Federal Reserve payment systems (ACH and Wire) while maintaining FDIC insurance coverage. This will provide a more stable dollar banking channel for cryptocurrency exchanges, OTC desks, and stablecoin-related businesses, addressing the dollar settlement and liquidity issues in the cryptocurrency market.
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