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Circle Obtains NY Trust Charter to Bolster USDC Regulatory Compliance
Circle, the global financial technology firm and primary issuer of the USDC stablecoin, has announced the acquisition of a limited purpose trust charter from the New York State Department of Financial Services (NYDFS). …
Mizuho Downgrades Circle to Underweight Amid Stablecoin Rivalry
Mizuho Securities USA LLC has significantly adjusted its outlook on Circle, the issuer of the USDC stablecoin, by downgrading its rating from "Neutral" to "Underweight". This move comes as competition within the digital…
Open USD’s Revenue Sharing Model Emerges as Major Threat to Circle’s USDC
A recent report by CoinShares has highlighted a significant shift in the stablecoin landscape with the development of Open USD, a dollar-pegged digital asset backed by a consortium of over 140 global institutions. The p…
Circle Secures OCC Approval for Federal National Trust Bank Status
The prominent financial technology firm Circle (NYSE: CRCL) has achieved a significant regulatory milestone by receiving final approval from the Office of the Comptroller of the Currency (OCC) to establish a national tr…
Circle Faces Legal Pressure Over Refusal to Reissue Frozen USDC
Law enforcement agencies in the United States have accused Circle Internet Financial, the issuer of the USDC stablecoin, of failing to cooperate with judicial orders aimed at recovering funds for fraud victims. Accordin…