Circle announces intention to become a bank, fully regulated by Federal Reserve, OCC, and FDIC, which could make USDC a de facto central bank digital currency (Felix Salmon/Axios)

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Felix Salmon / Axios:

Circle broadcasts intention to turn into a financial institution, totally regulated by Federal Reserve, OCC, and FDIC, which might make USDC a de facto central financial institution digital forex  —  Crypto large Circle has introduced its intention to turn into a financial institution, totally regulated by the Federal Reserve, the Workplace of the Comptroller of the Forex, and the FDIC.

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