Circle has secured a limited-purpose trust charter from the New York State Department of Financial Services (NYDFS) for its subsidiary Circle Internet Trust Company. This development follows final approval from the Office of the Comptroller of the Currency (OCC), which gave the green light to national trust operations.
Source
"Circle Secures Trust Charter in New York" — The Block
This article is Bitcoincryptos' summary and analysis of reporting originally published by The Block. Read the full original report at the link above.
Circle's USDC stablecoin, a central component of the company's business, will now be subject to oversight at both the federal and state levels.
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