Circle Wins New York Trust Charter for USDC Subsidiary
21 Articles
21 Articles
Circle adds NYDFS trust charter after OCC bank approval
Circle has secured a New York trust charter to expand its state regulatory footprint. According to an announcement from Circle on Friday, the stablecoin issuer has received a limited-purpose trust charter from the New York Department of Financial Services for…
Cathie Wood’s ARK Invest buys Circle shares after approval of a New York charter of trust, betting on the regulated future of the stables. *** ARK Invest purchased 109,129 Circle shares for about $6.83 million. Circle received a limited purpose trust letter from New York. Despite the advance, Circle shares fell 2.54% closing in USD $62.61. Cathie Wood’s ARK Invest investment firm executed on July 31 the purchase of 109,129 shares from Circle, is…
Circle Stock Falls Over 6% Despite Approval to Oversee USDC Reserves in New York
Key Insights: Circle won an NYDFS trust charter to provide fiduciary, custody and asset services under New York banking law. Circle’s New York charter complements its OCC approval, creating state and federal oversight for USDC services. USDC had a market capitalization exceeding $71.8 billion when Circle announced its NYDFS trust charter Friday. Circle stock fell about 7% during Friday trading despite reports that the company secured a New York…
Circle Secures NYDFS Trust Charter in Major Compliance Milestone
Circle Internet Group has received a limited-purpose NYDFS trust charter for its Circle New York Trust. Circle has a long regulatory history in the state, having secured the very first NYDFS BitLicense in 2015. The charter supports institutional adoption by positioning USDC as an established financial framework. On July 31, 2026, Circle Internet Group, Inc. (NYSE: CRCL) announced that it has received a limited purpose trust charter from the New…
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