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: Dante DisparteThe statement follows recent reports that major cryptocurrency firms, including stablecoi...
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