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
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WSJ: Circle, BitGo Pursue Elusive U.S. Bank Charters—Only Anchorage Holds One
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Circle and BitGo plan to apply for US bank charters reported by WSJ
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BitGo and Circle are exploring formal banking licenses as a strategic response to evolving legislation, the Wall Street Journal report suggests, and to position themselves for broader institutional acceptance
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Circle, a major stablecoin issuer behind USD Coin (USDC), is seeking a banking charter, according to the Wall Street Journal, to comply with proposed US legislation requiring stablecoin providers to hold federal or state licenses
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