Circle #BitGo #BankingLicense

According to the Wall Street Journal, a number of major crypto companies, including Circle and BitGo, plan to apply for bank licenses in the U.S. This became known on April 21, 2025. In addition to Circle, the issuer of the USDC stablecoin, and the custodial service BitGo, the list also includes Coinbase, Paxos, and other firms. This move is aimed at strengthening ties with the traditional banking system following events such as the collapse of FTX and the closure of banks Silvergate and Signature.