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Barchart
Barchart
Aditya Raghunath

Circle’s Trust Charter Approval Sends a Key Signal to Wall Street

Circle USDC CRCL New York blockchain Jeremy Allaire IBM OCC

Circle Internet Group (CRCL) just picked up a regulatory win that Wall Street has been waiting on for years. The New York Department of Financial Services approved a limited-purpose trust charter for Circle Internet Trust Company LLC, doing business as Circle New York Trust.

The approval means that the company behind USDC, the world's largest regulated stablecoin, sits inside one of the toughest regulatory frameworks in finance.

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