Circle denies plans to become a bank, focuses on aligning with stablecoin regulations

Circle, the issuer behind the USDC stablecoin, has firmly denied rumors suggesting it plans to apply for a US banking license. The firm’s Chief Strategy Officer, Dante Disparte, clarified on social media that Circle has no plans to become a bank or any other type of insured depository institution. source: https://cryptoslate.com/circle-denies-plans-to-become-a-bank-focuses-on-aligning-with-stablecoin-regulations/