Skip to content
USCoinCap
The board

USDC

USDC

Stablecoin · Built in Boston, MA · Circle Internet Financial, LLC

$0.9997

0.00% unchanged24h

Under review

Under editorial review since 2026-09-14

Confirm the current USDC issuing entity: the OCC letter says Circle plans to move issuance to a New York limited purpose trust company, and Circle Internet Trust Company LLC is now chartered, although the USDC Terms (last updated December 12, 2025) still name Circle Internet Financial, LLC. The issuer's only address of record is 1 Lincoln Street, Suite 31-113, Boston (a correspondence and complaints address), while the group is headquartered in New York; confirm it is a physical office.

Price

Why it’s on the board

Pathway: US issuer. Needs Tests 1 and 4, plus 2 or 3.

  1. Test 1 · passes on primary documents

    Headquartered in the United States

    Circle Internet Financial, LLC is headquartered in Boston, MA.

    1 source· 1 primary

  2. Test 4 · passes on primary documents

    Registered in a US state

    Circle Internet Financial, LLC is registered in DE.

    2 sources· 2 primary

  3. Test 2 · not met

    American founding team

    0 of 2 named founders are established US persons holding operational roles today; a majority is required.

  4. Test 3 · passes on primary documents

    Primary operations in the United States

    Circle Internet Financial, LLC issues USDC under US money transmitter licenses and a New York BitLicense, met the SEC Crypto Task Force on March 5, 2025, and Circle applied to the OCC to charter a national trust bank to manage USDC reserves.

    2 sources· 2 primary

Legal entities

Circle Internet Financial, LLC

Delaware · token issuer · Boston, MA

5 sources· 5 primary

Circle Internet Group, Inc.

Delaware · operating company · New York, NY

2 sources· 2 primary

Founders

Jeremy Allaire

Co-founder, Chairman and CEO · US status not established · operating role today

1 source· 1 primary

P. Sean Neville

Co-founder; non-executive director of Circle Internet Group · US status not established · no operating role today

1 source· 1 primary

Regulatory posture

NYDFS

Circle Internet Financial, LLC holds a New York virtual currency license (BL000042) and a New York money transmitter license (MT104963).

2 sources· 2 primary

FinCEN

Circle's FY2025 annual report lists federal registration as a money services business with FinCEN among the regimes that apply to it.

1 source· 1 primary

OCC

The OCC granted preliminary conditional approval on December 12, 2025 to charter First National Digital Currency Bank, N.A.; Circle now lists it as a federally chartered national trust bank operating as Circle National Trust (Charter Number 25361).

2 sources· 2 primary

NYDFS

A separate affiliate, Circle Internet Trust Company LLC (d/b/a Circle New York Trust), is chartered by NYDFS as a limited purpose trust company.

1 source· 1 primary

Audits

Deloitte & Touche LLP

Independent auditor of Circle Internet Group's consolidated financial statements since 2023 (not the named USDC reserve attestor in primary sources).

1 source· 1 primary

Notable US investors

BlackRock

Named investor, $400M round announced April 2022

1 source

Fidelity Management and Research

Named investor, $400M round announced April 2022

1 source

Record history

  1. 2026-09-14 · review opened

    Review opened to confirm the current USDC issuing entity given the planned move to a New York trust company, and whether the issuer's Boston suite address is a physical office.

  2. 2026-09-14 · correction

    Issuer and parent re-sourced to Circle's FY2025 10-K, its Exhibit 21 and OCC records; issuer address of record recorded as Boston, MA (group HQ New York). Removed the BlackRock "lead" annotation (the 2022 announcement names no lead), the unsourced Goldman Sachs and General Catalyst entries and the "49 states" licence count. Deloitte is now recorded only as Circle's financial-statement auditor, because primary sources do not name the reserve attestor. Added the OCC national trust bank charter and Circle New York Trust. Issuer's Delaware formation also confirmed by its New York DOS foreign registration; its March 5, 2025 SEC Crypto Task Force meeting added as regulatory engagement; co-founder P. Sean Neville added from the 10-K (non-executive director, not an operational role); filing and regulator documents dated.

  3. 2026-04-29 · listed

    Listed in the v0.1 allowlist.

Full registry changelog
Last verified 2026-09-14Verified by USCC research pass 2026-09-14 (AI-assisted; pending editorial sign-off)

About USDC

USDC is a US dollar stablecoin issued by Circle Internet Financial, LLC, a Delaware subsidiary of Circle Internet Group, Inc., which is headquartered in New York. Circle says most reserves are held in the Circle Reserve Fund, a 2a-7 money market fund managed by BlackRock. In December 2025 the OCC conditionally approved Circle's application for a national trust bank intended to manage USDC reserves.