Circle secures NYDFS trust charter, adding state layer to federal USDC oversight
The Block·
60-second summary
Circle secures a limited-purpose trust charter from the New York Department of Financial Services for Circle Internet Trust Company, adding a state layer to federal oversight of USDC. This follows final approval from the Office of the Comptroller of the Currency. The charter enhances regulatory compliance and stability for Circle's USDC stablecoin.
Circle won a limited-purpose trust charter from NYDFS for Circle Internet Trust Company after securing final OCC national trust approval.