Circle Wins New York Trust Charter, Expanding Its Regulated Crypto Services

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Circle, the company behind the USDC stablecoin, has secured a trust charter from New York state regulators. The approval grants Circle the authority to offer fiduciary and custody services under New York banking law. This milestone positions Circle as a more formally regulated entity within the United States financial system. The development comes amid a broader push by crypto firms to obtain clearer regulatory standing in the country.

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