Morning Edition · Saturday, August 1, 2026Published at 1:29 AM EDT · New York
Circle Wins New York Trust Charter, Deepening the Regulated Path for USDC
The limited-purpose charter lets the stablecoin issuer offer fiduciary and custody services directly under New York banking law.
Circle, the issuer of the USDC stablecoin, has received a limited-purpose trust charter from the New York State Department of Financial Services, CoinDesk reported. The approval allows Circle to offer fiduciary and custody services under Ne…
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Race to Bank and Distribute Stablecoin Reserves
Over 3-6 months, established financial and payments firms compete to custody stablecoin reserves and embed stablecoin rails into cross-border settlement, institutionalizing the plumbing beneath stablecoins.
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