Circle executive denies claims of seeking US banking license

Circle executive denies claims of seeking US banking license – MAXBIT

Circle’s chief strategy officer and head of global policy, Dante Disparte, denied reports that the company is seeking a US federal bank charter. An executive at major stablecoin issuer Circle denied 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...

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 …

Circle Denies Seeking US Federal Bank Charter - Blockchain & Cryptocurrencies Tabloid

Circle's CSO denies pursuing US federal bank charter, emphasizes stablecoin legislation. The post Circle Denies Seeking US Federal Bank Charter appeared first on Blockchain & Cryptocurrencies Tabloid.

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

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. Disparte emphasized that the firm is focused on aligning with future regulations on payment stablecoins instead. He added that Circle is prepared to r…

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. Disparte emphasized that the firm is focused on aligning with future regulations on payment stablecoins instead. He added that Circle is prepared to r…

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.