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Circle Shuts Down Banking License Rumors, Doubles Down on USDC Compliance Strategy
Circle Shuts Down Banking License Rumors, Doubles Down on USDC Compliance Strategy
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USDC News -
Circle, the issuer of the USDC stablecoin, has categorically dismissed speculation about pursuing a US banking license. Chief Strategy Officer Dante Disparte stated unequivocally that the company has no intention of becoming a bank or insured depository institution.
The firm’s focus remains squarely on regulatory alignment for payment stablecoins. Circle stands prepared to operate under state or federal trust charters, or through alternative non-bank licensing frameworks as needed.
This clarification directly refutes recent rumors suggesting Circle and other crypto firms were considering banking applications amid perceived favorable conditions under the Trump administration.
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