Quote from Ndubuisi Ekekwe on August 14, 2021, 8:09 PM

Circle wants to become a full commercial bank: 'In a blog post on the company’s website, CEO Jeremy Allaire says Circle intends to become a “full-reserve national commercial bank, operating under the supervision and risk management requirements of the Federal Reserve, US Treasury, OCC, and the FDIC”. Circle’s products and services are aimed at marrying the existing financial system with digital currency technology within payments and finance.'