Is Circle Becoming a Bank? CSO Slams Rumors, Demands Stablecoin Law

Circle, issuer of USDC, has clarified it does not intend to become an insured bank but expects to obey any future U. S. stablecoin statute, potentially via a federal or state trust charter. The company has reminded Congress that unresolved oversight contrasts with clearer rules in Europe and Japan source: https://cryptonews.com/news/is-circle-becoming-a-bank-cso-slams-rumors-demands-stablecoin-law/