Circle's chief strategy officer clarifies that the company has no intention of applying for a banking license
2025-04-25 12:34:21
In response to previous rumors about Circle, BitGo plans to apply for a banking license in the near future. Dante Disparte, Chief Strategy Officer of Circle, said that Circle is not seeking a banking license and has no plans to become a bank. Dante Disparte emphasized that Circle's strategic focus is to drive global financial innovation through its stablecoin USDC, rather than transforming into a traditional banking institution, noting that Circle is working with regulators to ensure that its products and services comply with current regulations and is committed to promoting the use of stablecoins globally.
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