Circle also announced a partnership with Barclays bank and look what happened with that... nothing. Barclays has recently joined ranks with the R3 consortium of banks and these guys are in the
development phase of creating their own Blockchain based permissioned systems. I think Circle is jumping from the one option to the next to try and survive.... At first they did not roll over to the
AML/KYC regulations and now they adhere to it.... It's all about survival.
The one positive thing...they still support Bitcoin.