Agora has received preliminary conditional approval from the U.S. Office of the Comptroller of the Currency to establish Agora National Trust Bank, a proposed New York-based national trust bank and wholly owned subsidiary of Agora Atlas Corp. The institution would issue and redeem dollar-backed stablecoins, provide digital-asset custody and transaction services, and offer selected fiduciary investment advisory services. The approval does not authorize operations. Agora must raise at least $10 million in Tier 1 capital within 12 months, satisfy requirements covering management, directors, audits and operational readiness, and open within 18 months or seek an extension. The OCC must complete a preopening examination and retains authority to modify, suspend or withdraw the preliminary approval. Agora plans to consolidate stablecoins, wallets, banking services and software workflows under one regulated entity. Its existing AUSD stablecoin is fully collateralized, with VanEck managing reserve assets and State Street serving as custodian, according to previous company disclosures.