Circle, a major stablecoin issuer, has denied reports of pursuing a US federal bank charter. The company's chief strategy officer clarified that they are focused on complying with future US regulatory requirements for payment stablecoins, which may involve obtaining a trust charter or nonbank license. Circle, along with other cryptocurrency firms like BitGo and Coinbase, was rumored to be considering bank charters or licenses. While Coinbase confirmed exploring this option, Circle had previously expressed interest in a bank charter. US regulators are working on stablecoin regulations, with bills like the STABLE and GENIUS Acts proposing different approaches. The news coincided with reports of Paxos receiving conditional approval for a US bank charter. Regulatory clarity for stablecoins is urged by industry players to ensure a transparent and accountable ecosystem. Read more AI-generated news on: https://app.chaingpt.org/news