Stablecoin Battle: Why US Trust Bank Charters Are Key for Crypto Success

The cryptocurrency landscape has shifted dramatically from a period of expansion to one where trust and regulation are paramount. Following landmark policy signals in 2025, stablecoin issuers are vying for the U.S. National Trust Bank Charter. This shift represents more than just compliance – it’s a strategic move towards greater legitimacy and integration with the traditional financial system. Circle, Ripple, Paxos, and Coinbase are all pushing for these charters, seeking to transform themselves from technical intermediaries into trusted financial institutions.