Circle Internet Group Secures New York Trust Charter

Circle Internet Group Secures New York Trust Charter CryptoProwl Fri, July 31, 2026 at 7:13 PM GMT+2 1 min read CRCL USDC-USD COIN Circle Internet Group (NYSE: $CRCL), the issuer of USD Coin (CRYPTO: $USDC), has secured a trust charter from New York State's Department of Financial Services. Circle is responsible for the world's second-largest stablecoin. Its USDC stablecoin has a market capitalization of $71.

8 billion U. S. The trust charter is an official state banking authorization that allows it to provide fiduciary, custody, and asset-management services under the New York Banking Law.

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Office of the Comptroller of the Currency (OCC) to establish a national trust bank. National trust banks are authorized to provide custody and fiduciary services but do not accept consumer deposits or make loans like traditional lenders. Circle said becoming a national bank will "enhance the safety and regulatory oversight" of its stablecoin reserves.

Several other crypto firms have secured trust charters in New York State, including Coinbase Global (NASDAQ: $COIN). CRCL stock has declined 67% over the last 12 months to trade at $59. 76 U.

S. per share.