Circle To Apply for US Bank Charter Soon
The issuer of USDC stablecoin Circle said it’s applying for a US bank charter soon. Circle CEO Jeremy Allaire said OCC is providing their full attention regarding the matter. If approved, Circle will be the newest member of the federally chartered crypto banks in the US. Crypto payments firm Circle Internet Financial LLC, the issuer of the USDC stablecoin, said it’s looking to apply for a US bank charter in the near future. According to Bloomberg, the crypto payments firm revealed its plan for a bank charter in 2021. However, the company hasn’t submitted an application to the Office of
