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New York Community Bank to Hold Assets Backing Circle's USDC

This marks the first time a community bank will serve as a custodian for a stablecoin.

USDC issuer Circle and NYCB will also work in stablecoin solutions for underserved and unbanked communities. (Sandali Handagama/ CoinDesk)
USDC issuer Circle and NYCB will also work in stablecoin solutions for underserved and unbanked communities. (Sandali Handagama/ CoinDesk)