🗣️ Circle (CRCL) wants to be a bank.
⁉️What implications does this have for $USDC 🤔
📈Treasury Secretary, Scott Bessent, recently projected that stablecoin legislation could help grow the U.S. market to over 2 trillion by 2028.
❇️Stablecoins attract increased interest as legislation approaches. Circle's application highlights the growing importance of the 253 billion stablecoin market.
🏪The major financial institutions (JPMorgan Chase, Bank of America, Visa, and Mastercard) have been adjusting their digital currency strategies.
