Circle executive denies claims of seeking US banking license

An executive at major stablecoin issuer Circle denied recent reports that the company is looking to obtain a US federal bank charter. In an April 25 X post, Circle’s chief strategy officer and head of global policy, Dante Disparte, denied that the company is interested in obtaining a US federal bank charter or acquiring an insured depository institution. Instead, he explained that Circle intends to comply with future US regulatory requirements for payment stablecoins, “which may require registering for a federal or state trust charter or other nonbank license. ” He also urged lawmakers to reach regulatory clarity for stablecoins sooner rather than later source: https://cointelegraph.com/news/circle-strategy-officer-denies-interest-in-bank-charter?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound