[Circle Obtains Limited Purpose Trust License from New York State Department of Financial Services, Further Strengthening USDC Regulatory Foundation] BlockBeats News, July 31, Circle announced that the New York State Department of Financial Services has granted its subsidiary, Circle Internet Trust Company LLC, a limited purpose trust license. This license will further strengthen the regulatory foundation for the company and USDC. Circle stated that the New York trust license reflects the company’s commitment to security, transparency, and compliance standards. In 2015, Circle became the first company to obtain a BitLicense from the New York State Department of Financial Services, establishing a long-term regulatory relationship with the agency. Circle Co-Founder, Chairman, and CEO Jeremy Allaire said that obtaining the New York trust license has always been a long-term goal for the company. The regulatory clarity brought by this license will position USDC within a strong and recognized regulatory framework as digital dollars increasingly become a core component of the global financial system. [Original Link]