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Agora receives OCC approval, plans to move AUSD stablecoin issuance to a US trust bank
Agora has received approval from the US Office of the Comptroller of the Currency (OCC) to establish a US trust bank. This move is intended to transfer the issuance and reserve management of its AUSD stablecoin from Agora's Bermuda entity to the new US-based bank. The planned bank must fulfill specific capital, liquidity, and compliance requirements before it can commence operations.
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