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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