Circle Internet Financial Limited has said it is looking to apply for a U.S. bank charter soon, according to a Bloomberg News report. The crypto payments company — the issuer of the USDC stablecoin — first talked about a bank charter in 2021 but has yet to file an application with the Office of the…
Few product announcements have stirred such activities among governments around the world as the then Facebook’s, now Meta’s, announcement of the then Libra, now the dead Diem, announcement. The prospects of having a private company with billions of users issue money was just too much for legislators. All of the sudden, everyone was planning a…