On Wall Street lately USDC issuer of stablecoin Circle the wind is blowing.
Announcing a $400 million funding round yesterday, Circle’s investors include the world’s largest asset management company, Blackrock.
After yesterday’s funding round, good news continued to come from Circle today.
According to the news of Bloomberg, Circle will apply to the relevant institutions to obtain a crypto money bank license in the USA in the near future.
Circle Chief Executive Officer Jeremy Allaire talked about these plans in an interview. Although it is currently difficult to obtain such a license in the US, Allaire stated that they are close to making an application for it.
Circle, the second largest stablecoin issuer after Tether, announced its desire to become a bank in August 2021, but did not share a roadmap for it.
Although Jeremy Allaire did not say when the application will be made in his last interview, he said “we hope in the near future”.
Don’t forget to follow someone on Twitter for such last-minute developments.
Circle will apply for a cryptocurrency bank license in the US in the near future.
— Bitcoin System (@bitcoinsystem) April 13, 2022