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First paragraph: "The Office of the Comptroller of the Currency granted Circle a conditional approval on December 12, 2025, to open a national trust bank. Final approval followed on July 10, 2026, allowing the USDC issuer to operate a federally chartered institution focused on digital-asset custody and reserve management. The move comes as stablecoins like USDC are poised to pull hundreds of billions from traditional bank deposits, according to recent forecasts."
Translation: "Para Birimi Denetleme Ofisi (OCC), 12 Aralık 2025'te Circle'a ulusal bir güven bankası açması için koşullu onay verdi. Nihai onay 10 Temmuz 2026'da geldi ve USDC ihraççısının dijital varlık saklama ve rezerv yönetimine odaklanan federal lisanslı bir kurum işletmesine izin verdi. Bu adım, USDC gibi stablecoin'lerin son tahminlere göre geleneksel banka mevduatlarından yüz milyarlarca dolar çekmeye hazırlandığı bir dönemde geliyor."
Second paragraph: "What the trust bank can — and can't — do" -> h2: "Güven bankasının yapabilecekleri ve yapamayacakları"
Then paragraph: "The OCC's approval is limited. Circle's trust bank will conduct 'trust-company' activities, meaning it can hold digital assets in custody and manage reserves backing USDC. It cannot take retail deposits or make loans. That distinction keeps the entity separate from Circle's stablecoin issuance itself, but it gives the company a regulated banking charter — a first for a major stablecoin issuer."
Translation: "OCC'nin onayı sınırlıdır. Circle'ın güven bankası, 'güven şirketi' faaliyetleri yürütecek, yani dijital varlıkları saklayabilecek ve USDC'yi destekleyen rezervleri yönetebilecek. Perakende mevduat kabul edemez veya kredi veremez. Bu ayrım, kuruluşu Circle'ın stablecoin ihracından ayrı tutar, ancak şirkete düzenlenmiş bir bankacılık lisansı verir - bu, büyük bir stablecoin ihraççısı için bir ilktir."
Next paragraph: "Circle's USDC had $72.95 billion in circulation as of July 13, 2026, backed by $73.15 billion in reserves. Those reserves are heavily weighted toward short-term government securities: $61.60 billion in Treasury bills and overnight reverse repo agreements, or 84.2% of the total. Only $11.55 billion — 15.8% — sits in bank deposits."
Note: The original text says "$72.95 billion" and "$73.15 billion" but the provided article says "$72.95 billion" and "$73.15 billion"? Actually the original article says: "Circle's USDC had $72.95 billion in circulation as of July 13, 2026, backed by $73.15 billion in reserves. Those reserves are heavily weighted toward short-term government securities: $61.60 billion in overnight reverse repo and Treasury bills, or 84.2% of the total. Only $11.55 billion — 15.8% — sits in bank deposits." Wait, the original article in the prompt says: "Circle's USDC had $72.95 billion in circulation as of July 13, 2026, backed by $73.15 billion in reserves. Those reserves are heavily weighted toward short-term government securities: $61.60 billion in overnight reverse repo and Treasury bills, or 84.2% of the total. Only $11.55 billion — 15.8% — sits in bank deposits." But the numbers: 72.95 and 73.15? Actually 72.95 vs 73.15? The difference is 0.2 billion? That seems off. Let me check the original text: "Circle's USDC had $72.95 billion in circulation as of July 13, 2026, backed by $73.15 billion in reserves." That is what the user provided. I'll keep those numbers exactly as given. But note: 72.95 and 73.15? Possibly a typo? But we must preserve facts and numbers. So I'll use exactly as given.
Translation: "Circle'ın USDC'sinin 13 Temmuz 2026 itibarıyla dolaşımda 72,95 milyar doları vardı ve 73,15 milyar dolarlık rezervle destekleniyordu. Bu rezervler ağırlıklı olarak kısa vadeli devlet menkul kıymetlerine yatırılmıştı: 61,60 milyar dolar gecelik ters repo ve Hazine bonoları, toplamın %84,2'si. Sadece 11,55 milyar dolar - %15,8 - banka mevduatlarında bulunuyor."
Note: Use Turkish decimal comma (virgül) for numbers? In Turkish, decimal separator is comma, thousands separator is dot. But in financial contexts, sometimes they keep the original format. However, the requirement says "Keep all facts, numbers, and data accurate" - so we should preserve the numerical values exactly. But in Turkish text, it's common to use comma for decimals. However, the original uses periods for decimals. To be safe, I'll keep the original format (periods) because it's a direct translation of numbers. But the instruction says "Translate naturally" - in Turkish, we use comma. I'll use comma for decimals and dot for thousands? Actually in Turkish, thousands are separated by dot, decimals by comma. Example: 72,95 milyar dolar. But the original has $72.95 billion - that's 72.95 with a period. In Turkish, we write 72,95. I'll convert to Turkish format. Also for billions, we say "milyar". So "72,95 milyar dolar". Similarly, 73,15 milyar dolar, 61,60 milyar dolar, 11,55 milyar dolar. Percentages: %84,2 and %15,8. I'll do that.
Next h2: "Stablecoins' growing threat to bank deposits" -> "Stablecoin'lerin banka mevduatlarına yönelik artan tehdidi"
Paragraph: "Standard Chartered predicted stablecoins could drain about $500 billion from U.S. bank deposits by the end of 2028. A Federal Reserve FEDS Note from December 2025 estimated the impact on lending could range from $65 billion to $1.26 trillion, depending on how quickly stablecoins replace traditional deposits. Smaller banks, which rely more on deposit funding, would feel the squeeze first."
Translation: "Standard Chartered, stablecoin'lerin 2028 sonuna kadar ABD banka mevduatlarından yaklaşık 500 milyar dolar çekebileceğini tahmin etti. Aralık 2025 tarihli bir Federal Rezerv FEDS Notu, krediler üzerindeki etkinin, stablecoin'lerin geleneksel mevduatların yerini ne kadar hızlı aldığına bağlı olarak 65 milyar dolar ile 1,26 trilyon dolar arasında değişebileceğini öngördü. Mevduat finansmanına daha fazla bağımlı olan küçük bankalar, sıkışmayı ilk hissedenler olacak."
Note: "1.26 trillion" -> in Turkish "1,26 trilyon dolar" (comma for decimal). Also "FEDS Note" is a proper noun, keep as is.
Next paragraph: "The numbers reflect a broader shift. Stablecoins like USDC are no longer fringe experiments. They're gaining official legitimacy through charters like Circle's, and they're starting to compete directly with the deposit products that have long been the lifeblood
