The approval lets the USDC issuer offer fiduciary and custody services under New York banking law. Circle Internet Group, Inc. (CRCL), the issuer of USDC, the world’s second-largest stablecoin, announced Friday 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 L…
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