Circle adds NYDFS trust charter after OCC bank approval
Covered by 5 sources · 5 articles
5 outlets - including Tronweekly, Crypto-economy and Bitcoin and 2 more - are covering this story. Circle has secured a limited-purpose trust charter from the New York Department of Financial Services, strengthening its regulatory framework for USDC custody and fiduciary services. Combined with its recent OCC approval, the company is exp…
All coverage
Circle Secures NYDFS Trust Charter After OCC Approval to Strengthen USDC
Circle has secured a limited-purpose trust charter from the New York Department of Financial Services, strengthening its regulatory framework for USDC custody and fiduciary services. Combined with its recent OCC approval, the company is exp…
NYDFS Grants Circle a Limited-Purpose Trust Charter for Its New York Trust Entity
TL;DR Circle received a limited-purpose trust charter from NYDFS for Circle New York Trust, adding state oversight for USDC issuance in its global headquarters. The New York entity differs from Circle National Trust, the federally approved…
Circle Hits Regulatory Milestone With NYDFS Trust Charter
The limited trust charter received adds to the OCC approval to establish a National Trust Bank, positioning Circle as one of the most regulated stablecoin issuers in the cryptocurrency ecosystem. Circle was the first company to receive a Ne…
Circle wins New York trust charter from NYDFS
The firm behind the leading USDC stablecoin, Circle (NYSE: CRCL), opened Friday with news that the New York Department of Financial Services (NYDFS) has granted it a limited purpose trust charter for its USDC stablecoin business. On the sur…
Circle adds NYDFS trust charter after OCC bank approval
Circle has secured a New York trust charter to expand its state regulatory footprint. According to an announcement from Circle on Friday, the stablecoin issuer has received a limited-purpose trust charter from the New York Department of Fin…