Circle secures a limited purpose trust license from the New York State Department of Financial Services, further strengthening USDC’s regulatory foundation.
2026.07.31 20:03:23
Circle announced that the New York State Department of Financial Services has granted a limited-purpose trust charter to its subsidiary Circle Internet Trust Company LLC. This license will further strengthen the regulatory foundation for the company and USDC. Circle stated that the New York trust charter underscores its commitment to security, transparency, and compliance standards. In 2015, Circle became the first company to obtain a BitLicense from the New York State Department of Financial Services, forging a long-term regulatory relationship with the agency. Jeremy Allaire, Circle’s co-founder, chairman, and chief executive officer, said that securing the New York trust charter has long been a key goal for the company. The regulatory clarity provided by this license will position USDC within a robust, well-recognized regulatory framework as the digital dollar increasingly becomes a core component of the global financial system.
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