Circle plans to become a full-reserve national digital currency bank
source link: https://fintechranking.com/2021/08/10/circle-plans-to-become-a-full-reserve-national-digital-currency-bank/
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Circle plans to become a full-reserve national digital currency bank
Goldman Sachs-backed digital payment company Circle has officially disclosed plans to become a full-reserve national digital currency bank in the United States.
Announcing the news on Monday, Circle co-founder and CEO Jeremy Allaire noted that Circle is willing to operate under the supervision and risk management requirements of the Federal Reserve, the U.S. Treasury, the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation.
Read more: Cointelegraph
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