TechFlow, April 25 — According to Cointelegraph, Dante Disparte, Chief Strategy Officer and Head of Global Policy at stablecoin issuer Circle, denied rumors that the company is seeking a U.S. federal banking charter.
Disparte stated on social media platform X that Circle has no intention of obtaining a federal banking charter or acquiring an insured depository institution. Instead, the company plans to comply with future regulatory requirements for U.S. payment-focused stablecoins, which may involve registering for a federal or state trust charter or other non-banking licenses.
Earlier reports suggested several cryptocurrency firms, including Circle, BitGo, Coinbase, and Paxos, were considering applying for banking charters. Among them, only Coinbase has confirmed it is exploring such applications.
