Circle Secures NYDFS Trust Charter to Strengthen USDC Oversight

Circle’s latest regulatory win in New York is strengthening the compliance architecture around USD Coin (USDC), even as investors remain hesitant about the stablecoin issuer’s near-term growth outlook.

Circle said Thursday ET that the New York State Department of Financial Services (NYDFS) has approved a limited-purpose trust charter for its newly formed entity, Circle New York Trust. The move follows a separate approval process at the federal level involving the Office of the Comptroller of the Currency (OCC), further solidifying Circle’s U.S. regulatory footprint as policymakers and…  Read more

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