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Circle secures New York limited-purpose trust charter…CRCL declines premarket

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CRCL
CRCL Circle Internet Group Inc
$64.24 +4.69%
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  1. 1Circle Internet Group (CRCL) has secured a limited-purpose trust charter from the New York State Department of Financial Services
  2. 2The new charter allows the company to issue USDC through a NYDFS-regulated trust company, with reserves custodied by a federally chartered trust bank
  3. 3CRCL fell as much as 1.6% in Friday premarket trading, and the separation of issuance and custody aligns with GENIUS Act guidelines

This 3-line summary is compiled from the report below.

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