.circle CEO jerallaire weighs in on where U.S. stablecoin regulation may go this year, and why the decade-old company has been successful. _franvela reports
Allaire said USDC is a prime example of how stablecoin use is growing. Lawmakers, in the U.S. and abroad, are becoming aware of the “significant size and business” that stablecoins can provide. He predicted that this year stablecoin issuers are “going to be normalized in almost every major market.”
"This is a live policy issue. This is not a put your head in the sand and hope it goes away" issue, he said.is a type of cryptocurrency whose value is pegged to another asset class, such as a fiat currency or gold, to stabilize its price. The Boston, Massachusetts-based tech firm, founded in 2013, continues to evolve as crypto’s ecosystem develops and grows, Allaire said.
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