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Circle Obtained a trust license from the New York State Department of Financial Services (NYDFS), adding another state-level layer of regulation for USDC
Circle, the issuer of the stablecoin USDC, has been granted a limited-purpose trust license by the New York State Department of Financial Services (NYDFS). This move adds a state-level layer of regulation for USDC, following the company’s earlier approval as a national trust by the Office of the Comptroller of the Currency (OCC).
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Source：The Block · Source Link
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