Plans leverage Circle’s long standing comprehensive licensing from the Bermuda Monetary Authority
HAMILTON, Bermuda–(BUSINESS WIRE)–Circle Internet Group, Inc., a global financial technology firm and a stablecoin market leader, was the first firm in the crypto market to receive comprehensive licensing under the Bermuda Monetary Authority (BMA) in September, 2021 through its regulated subsidiary, Circle International Bermuda Limited. Building on that long standing operational relationship, Circle intends to bring its newly acquired Hashnote Tokenized Money Market Fund (TMMF), under its existing Digital Assets Business Act (DABA) License.
Hashnote is the issuer of USYC, the largest tokenized treasury and money market fund in the world, with almost $1B deployed into USYC as of March 6, 2025. Circle intends to fully integrate USYC with USDC, offering seamless access between TMMF collateral and USDC, one of the world’s most popular stablecoins issued through the regu
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