Agora has received preliminary conditional approval from the Office of the Comptroller of the Currency (OCC) to establish Agora National Trust Bank, a federally chartered national trust bank. The proposed institution would bring stablecoin, digital-asset custody and transaction services under federal supervision, and would provide fiduciary investment advisory services for institutional customers if it receives final approval. AUSD would continue to be issued by Agora Bermuda Limited, which is licensed by the Bermuda Monetary Authority. The proposed U.S. bank would operate as a separate entity and must satisfy conditions covering capital, liquidity, governance and other pre-opening requirements before beginning operations. Agora's announcement on September 21, 2026, follows the OCC's Corporate Decision No. 1393 dated September 18, 2026. The application comes as the OCC processes a wider wave of digital-asset bank charter proposals, including efforts by Revolut, Block and other firms.