Haycen has obtained a Bermuda stablecoin issuance license

according to CoinDesk, trading finance company Haycen announced on Friday that it has obtained a stablecoin issuance license issued by the Bermuda Monetary Authority (BMA), allowing Haycen to issue and manage 1:1 collateralized stablecoins in multiple currencies and offer yield products.

The company is targeting the B2B market, regulated entities, and non-bank lending institutions, stating that these markets remain underserved in global trade and financing.