Key insight: Dakota is the next fintech in line to request a national trust bank charter so it can issue stablecoins under federal oversight. Dakota is the next fintech in line to request a national trust bank charter so it can issue stablecoins under federal oversight. Expert quote: "National trust banks do not need to wait for final GENIUS Act rules to issue, redeem and hold custody of stablecoins." Dakota, a neobank that launched an enterprise stablecoin offering in January, has applied for a de novo national trust bank charter from the Office of the Comptroller of the Currency. Earlier this month, the OCC granted Circle a national trust bank charter after it fulfilled the conditions of its initial approval.