Circle and BitGo plan to introduce cryptocurrency into the banking industry

Odaily Planet Daily News: Circle and BitGo are working hard to embed themselves into the US banking system by applying for a banking license, aiming to strengthen their connection with traditional finance. After returning to the White House, Trump relaxed the previous requirement for banks to obtain approval before partnering with cryptocurrency companies, providing new opportunities for cryptocurrency companies. Companies such as Circle and BitGo are seeking comprehensive banking franchises, planning to offer deposit and loan services like traditional banks. At the same time, traditional banks such as Bank of America and America Bancorp is also rethinking its entry into the cryptocurrency field. Stablecoins in the cryptocurrency industry remain the core, with Tether and Circle's USD Coin continuing to dominate the market.