According to CoinMeta, Circle ( CRCL ) has obtained a trust license from the New York Department of Financial Services. As the issuer of the USDC stablecoin, Circle stated that obtaining this trust license is part of its long-term goal and will provide it with clearer regulatory clarity. Previously, the US Federal Reserve ( OCC ) had authorized Circle to directly manage its reserve assets for institutional clients. Despite this news, Circle's stock still fell by more than 4% on Friday. The company plans to announce its financial results for the second quarter of 2026 on August 5th.