The second largest stablecoin (USDC) issuer after Tether, Circle CEO Jeremy Allaire is following the World Economic Forum held in Davos, Switzerland, on site. Allire at a conference held in Davos cryptocurrency He talked about the current status and future of stablecoins.
Allire states that stablecoins are becoming increasingly widespread and accepted all over the world, and that this trade is now among the public. “something marginal” stated that it was not.
The Circle CEO thinks that with public acceptance, policymakers in the US and other countries are taking this into account more often. According to Allire, this year, states will focus on stablecoin regulations. But policymakers need to understand how technology works in order to make sound judgments.
Jeremy Allaire has finally given the green light to the authorities in the US for possible regulation. The CEO stated that he was ready to inform the authorities about the issue by going wherever he was called.
What is a stablecoin?
stablecoins cryptocurrencies whose value is pegged to another currency, commodity or financial instrument. Stable cryptocurrencies, unlike others, have a vision of being a non-speculative trading tool.
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