Circle Dismisses Rumors of Pursuing US Banking License

Chief Strategy Officer Dante Disparte stated on social media that the company has no intention of becoming a bank or any other insured depository institution. Instead, Disparte emphasized that Circle remains focused on aligning itself with upcoming regulations for payment stablecoins. He added that the firm is prepared to register under a state or federal trust charter or operate through a non-bank license model if necessary. Regulatory Climate Fuels Speculation The clarification comes after reports circulated that Circle — alongside firms like Coinbase — was preparing to pursue banking licenses amid a shifting regulatory landscape under President Donald Trump’s administration source: https://coindoo.com/circle-dismisses-rumors-of-pursuing-us-banking-license/