Circle plans to incorporate Hashnote under the existing Bermuda DABA license

USDC stablecoin issuer Circle plans to bring its recently acquired Hashnote tokenized money market fund under Bermuda's regulatory framework and incorporate it into Circle's existing Digital Asset Business Act (DABA) license.

According to data from rwa.xyz, Hashnote has issued one of the largest tokenized money market funds, USYC, managing nearly $1 billion in assets.