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Circle Subsidiary Obtains New York State Trust License, Improving the Regulatory Framework of USDC
2026-07-31 20:08:57
According to CoinMeta, Wu said that stablecoin issuer Circle announced that its subsidiary Circle Internet Trust Company LLC (also known as Circle New York Trust) has obtained a limited-purpose trust license issued by the New York State Department of Financial Services (NYDFS). Circle stated that this license will further enhance the company's and USDC's regulatory framework in New York State. Circle became the first entity to obtain such a license in New York State back in 2015.
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