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USDC issuer Circle supports proposal to regulate stablecoin issuers as banks
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Issuers of stablecoins like Tether (USDT) and USD Coin (USDC) may soon be required to work under the same regulations as banks, but that seemingly doesn’t frighten the CEO of the USDC-issuer Circle.
Commenting on the Biden administration’s proposal to work on a bank-like regulation for stablecoin issuers, Circle CEO Jeremy Allaire took a supportive stance for the recommendation. He highlighted that proposal’s aim to regulate dollar stablecoin issuers in the United States financial system as banks
Read more on cointelegraph.comAbout this in other media
Senate Banking Committee chair seeks information from stablecoin issuers and exchanges, suggesting possible hearing cointelegraph.com /2 years ago
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US regulators promise crypto oversight clarity finextra.com /2 years ago
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