Tuesday, June 24, 2025
No Result
View All Result
DOLLAR BITCOIN
Shop
  • Home
  • Blockchain
  • Bitcoin
  • Cryptocurrency
  • Altcoin
  • Ethereum
  • Market & Analysis
  • DeFi
  • More
    • Dogecoin
    • NFTs
    • XRP
    • Regulations
  • Shop
    • Bitcoin Book
    • Bitcoin Coin
    • Bitcoin Hat
    • Bitcoin Merch
    • Bitcoin Miner
    • Bitcoin Miner Machine
    • Bitcoin Shirt
    • Bitcoin Standard
    • Bitcoin Wallet
DOLLAR BITCOIN
No Result
View All Result
Home Regulations

Circle CEO Jeremy Allaire Says Stablecoins To Become Regulated Financial Infrastructure ‘Everywhere’: Report

n70products by n70products
November 6, 2024
in Regulations
0
Circle CEO Jeremy Allaire Says Stablecoins To Become Regulated Financial Infrastructure ‘Everywhere’: Report
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter


Circle chief govt Jeremy Allaire reportedly thinks stablecoins will develop into a regulated monetary community everywhere in the world.

Allaire says in a brand new interview with the South China Morning Put up (SCMP) that Circle is performing as a take a look at topic for international stablecoin regulation.

In line with Allaire, stablecoin regulation is in its early days and the asset class will ultimately witness regulatory readability throughout the globe.

“As I wish to say, we’re type of the worldwide regulatory guinea pig for stablecoins in that we’re a regulated participant, we all the time have been. We’re globally adopted. Our view is that that is going to develop into regulated monetary infrastructure all over the place on this planet.” 

Circle points USDC, the second-largest stablecoin by market cap.

The stablecoin issuer CEO additionally argues that stablecoins will assist streamline cross-border settlements.

“The extra that you’ve got these totally different fiat currencies on-line with stablecoins, the extra… seamless cross-border transactions and FX (international alternate) transactions and programmable, composable finance can develop into. We need to be some of the standard greenback stablecoins, however there will definitely be extra than simply Circle’s.”

Allaire says USDC will help with commerce settlements in Hong Kong however not China, the place crypto mining and buying and selling is banned.

“I don’t see a direct position for Circle there. Nonetheless, I do consider that we’ll see offshore stablecoins develop… and we’ll see a very strong marketplace for stablecoin FX and seamless convertibility.”

USDC goals to take care of a 1:1 peg with the US greenback and has a market cap of round $35 billion at time of writing.

Do not Miss a Beat – Subscribe to get e mail alerts delivered on to your inbox

Verify Price Action

Observe us on X, Facebook and Telegram

Surf The Daily Hodl Mix

&nbsp

Get Alerts

Disclaimer: Opinions expressed at The Each day Hodl should not funding recommendation. Traders ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your personal threat, and any losses it’s possible you’ll incur are your accountability. The Each day Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital property, neither is The Each day Hodl an funding advisor. Please be aware that The Each day Hodl participates in affiliate internet marketing.

Generated Picture: Midjourney





Source link

Tags: AllaireCEOCircleFinancialinfrastructureJeremyRegulatedREPORTStablecoins
Previous Post

Dogecoin (DOGE) Jumps 10%+: Is More Upside Ahead?

Next Post

Crypto Fear and Greed Index flashes ‘GREED’ despite election jitters – What’s next?

Next Post
Crypto Fear and Greed Index flashes ‘GREED’ despite election jitters – What’s next?

Crypto Fear and Greed Index flashes 'GREED' despite election jitters - What’s next?

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Premium Content

CZ urges Elon Musk to ban bots on the X social media platform

CZ urges Elon Musk to ban bots on the X social media platform

March 9, 2025
Bitcoin Surge Incoming? Expert’s Prediction Raises Eyebrows

Bitcoin Surge Incoming? Expert’s Prediction Raises Eyebrows

May 28, 2025
Trump Memecoin Rallies 246% As Kamala Harris’ Odds of Winning Election on Polymarket Dip

Trump Memecoin Rallies 246% As Kamala Harris’ Odds of Winning Election on Polymarket Dip

October 9, 2024
Ethereum Price Approaches Resistance—Will It Smash Through?

Ethereum Price Approaches Resistance—Will It Smash Through?

April 2, 2025
Crypto Trader Michaël van de Poppe Says Bitcoin on Cusp of Breakout, Updates Outlook on Ethereum and Bittensor

Crypto Trader Michaël van de Poppe Says Bitcoin on Cusp of Breakout, Updates Outlook on Ethereum and Bittensor

June 13, 2025
Uniswap Labs Says New Layer-1 Network Unichain To Launch in ‘Early 2025’

Uniswap Labs Says New Layer-1 Network Unichain To Launch in ‘Early 2025’

December 24, 2024

Recent Posts

  • XRP Price Jumps 10% Today, Will the Rally Continue?
  • NYC Mayor Lays Out Crypto Plans As Residents Vote In Democratic Primary
  • XRP Price Reclaims Key Resistance — Are More Gains on the Horizon?

Categories

  • Altcoin
  • Bitcoin
  • Blockchain
  • Blog
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • NFTs
  • Regulations
  • XRP

Recommended

XRP Price Jumps 10% Today, Will the Rally Continue?

XRP Price Jumps 10% Today, Will the Rally Continue?

June 24, 2025
Changing political landscape brings huge crypto opportunity — US Rep. Steil

NYC Mayor Lays Out Crypto Plans As Residents Vote In Democratic Primary

June 24, 2025

© 2023 Dollar-Bitcoin | All Rights Reserved

No Result
View All Result
  • Home
  • Blockchain
  • Bitcoin
  • Cryptocurrency
  • Altcoin
  • Ethereum
  • Market & Analysis
  • DeFi
  • More
    • Dogecoin
    • NFTs
    • XRP
    • Regulations
  • Shop
    • Bitcoin Book
    • Bitcoin Coin
    • Bitcoin Hat
    • Bitcoin Merch
    • Bitcoin Miner
    • Bitcoin Miner Machine
    • Bitcoin Shirt
    • Bitcoin Standard
    • Bitcoin Wallet

© 2023 Dollar-Bitcoin | All Rights Reserved

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
Go to mobile version