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In response to previous rumors that Circle and BitGo plan to apply for a banking license soon, Circle's Chief Strategy Officer Dante Disparte stated that Circle is not seeking to obtain a banking license and has no plans to become a bank. Dante Disparte emphasized that Circle's strategic focus is on driving global financial innovation through its stablecoin USDC, rather than transforming into a traditional banking institution, and pointed out that Circle is working with regulators to ensure that its products and services comply with current regulations, while also committing to promoting the use of stablecoins globally.