Circle secures New York trust charter as crypto regulatory push accelerates (CoinDesk)
“Circle Internet Group, Inc. (CRCL), the issuer of USDC, the world’s second-largest stablecoin, announced Friday, July 31, 2026, that it secured a limited purpose trust charter from the New York Department of Financial Services (NYDFS).
The trust charter is an official state banking authorization that allows the holder to legally provide fiduciary, custody and asset-management services under the New York Banking Law.
“Earning a New York trust charter has been a longstanding objective for Circle given the regulatory clarity that comes with it,” said Jeremy Allaire, Co-Founder, Chairman, and CEO of Circle.
Circle’s stock price remains flat Friday morning at $64.24 and its stablecoin USDC has a market capitalization exceeding $71.8 billion.” (CoinDesk)
