The emergence of new bills on stablecoins in the United States and support from the Presidential Administration Donald Trump allowed companies such as Circle and Bitgo to declare their intention to apply for banking licenses. At the same time, traditional banks consider the possibility of providing cryptocurrency services, the Wall Street Journal found out.

Two years ago, the collapse of the FTX exchange and the bankruptcy of cryptooriented banks Silvergate Capital and Signature Bank forced traditional bankers to turn away from cryptocurrencies due to their high volatility and imperfect regulation rules.

However, now Deutsche Bank and Standard Chartered intend to take advantage of the growth of American investors and the softening of the authorities to expand the degree of presence of digital assets in the market. The unification of efforts will allow financial companies to divide the costs of maintaining the level of services in accordance with the requirements of American regulators, investments in technology and compliance.

The Deutsche Bank and Standard Chartered Consortium plans to offer American clients cryptocurrency storage services, the possibilities of managing crypto portfaters of institutional investors, as well as access through their internal infrastructure to the platforms in trading in popular digital assets, such as bitcoin and ether.

Bank of America Director Brian Moynihana said that his bank, after the abolition of the rules of the Rules, was ready to produce stablecoins. And the representative of the US Bancorp said that the financial holding resumes the provision of cryptocurrency storage services.

Circle, Bitgo, Coinbase Global and Paxos are preparing to apply for registration of banking charters and receive a federal license. BitGo wants to accept deposits and issue loans as a traditional bank. Circle intends to focus on the licenses necessary for the release of stablecoins, such as USDC.

Previously, the Revolut digital bank, owned by the fintech of the same name, received a license in the UK, which will provide a full range of banking services for nine million local customers.