💼 Circle: Banks — ideal partners for stablecoins 🏦
Circle's Chief Legal Officer, Hit Tarbert, stated that banks are key allies in the integration of digital assets. The company is actively promoting collaboration with financial institutions, including Deutsche Bank and Banco Santander, to make stablecoins like USDC a part of everyday payments. 💳⚡
💡 Circle is already building the infrastructure for instant settlements through its Circle Payments network, connecting banks, payment companies, and digital wallets.
📈 Clear regulation and the public status of Circle strengthen the trust of the banking sector in USDC, opening doors for deep integration of crypto into traditional finance.
🧊 Previously, the company froze $57.65 million in USDC belonging to the team of the failed meme coin Libra.
🔁 Crypto and banks are no longer on opposite sides of the barricades — this is the alliance of the future.
