The post Circle Dismisses Rumors of Pursuing US Banking License appeared on BitcoinEthereumNews.com.

Regulations Circle, the issuer behind the USDC stablecoin, publicly refuted rumors suggesting it is seeking a 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. Recent moves by US regulators, including the Federal Reserve’s rollback of earlier crypto restrictions, have fueled expectations for broader industry adoption. Jason Karsh, a business leader at Blocks, described the regulatory change as a key step toward integrating crypto into mainstream financial systems. Despite the favorable environment, Circle reiterated that its strategy remains firmly rooted in working within future stablecoin-specific frameworks rather than transitioning into traditional banking. Author Kosta Gushterov Reporter at Coindoo Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets. Related stories Next article Source: https://coindoo.com/circle-dismisses-rumors-of-pursuing-us-banking-license/

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Filed under: News - @ April 26, 2025 4:22 am