Circle and BitGo plan to apply for US bank charters reported by WSJ

Claim

Description

According to an April 21, 2025 report by The Wall Street Journal, crypto firms Circle and BitGo plan to apply for US bank charters or licenses, and Coinbase Global and Paxos are weighing similar regulatory filings.

Quotes that support claims

A host of crypto firms including Circle and BitGo plan to apply for bank charters or licenses, according to people familiar with the matter. Crypto exchange Coinbase Global and stablecoin company Paxos are considering similar moves, other people said
A growing number of leading crypto firms, including Circle, Coinbase, BitGo, and Paxos, are reportedly preparing to apply for banking licenses in the United States.
Crypto firms Circle and BitGo plan to apply for U.S. banking licenses, according to a report by The Wall Street Journal published on April 21

Related projects

Paxos
BitGo
Coinbase
Circle

Tags

Week 17 of 2025
04/21/2025