Coin World News reports that the American Bankers Association has written to the Office of the Comptroller of the Currency (OCC) opposing the recent applications for national trust bank charters by stablecoin companies Circle, Fidelity Digital Assets, Protego Trust, and Ripple. The American Bankers Association believes that these companies have not disclosed sufficient information for public comment and claims that these applications serve as a backdoor to becoming national banks. Therefore, they hope the OCC will delay the approval process until Hong Kong regulators provide sufficient information regarding the applicants' expected business plans and the disclosure of other aspects of the applications for public review and stakeholder comments. (LedgerInsight)