Circle plans to bring Hashnote tokenized money market fund under Bermuda regulation

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