Circle plans to bring Hashnote tokenized money market fund under Bermuda's regulatory jurisdiction

Odaily Planet Daily News: USDC stablecoin issuer Circle plans to bring its recently acquired Hashnote tokenized money market fund under Bermuda's regulatory jurisdiction. It is reported that Hashnote has issued the largest tokenized money market fund, USYC, with assets of nearly $1 billion. Jeremy Allaire, CEO of Circle, believes that operating in Bermuda is a "natural choice" for USYC, given Bermuda's role in regulating digital assets. （Coindesk）