BlocksInform
Fran is the writer and journalist of CoinDesk TELEVISION. It does not possess any crypto property.
Jeremy Allaire, CEO of peer-to-peer payment company Circle, is expecting the U.S. Congress to concentrate on stablecoin regulation this year for a simple reason.
“Stablecoins are the lowest-hanging fruit,” Allaire told CoinDesk TV’s “First Mover” Thursday from the World Economic Forum’s annual conference in Davos, Switzerland. This is the simplest. It’s a foundational piece.”
Circle is the issuer of USD coin (USDC), a stablecoin pegged to the U.S. dollar. There are over $43 billion worth of USDC tokens in circulation, according to Crypto.com, and it is the second-largest stablecoin by market cap, according to CoinMarketCap.
Breastfeeding said usdc is an excellent example of how the use of stablecoin is increasing. Legislators in the United States and around the world are increasingly aware of the "significant size and activity" that firearms owners can offer. He predicted that this year, quota issuers will be "standardized in virtually all major markets".”
"What happens is that the members of Congress realize that they have a vested interest in being even better educated," said Allaire, on stablesoins.
It's a matter of online politics. It is not a question of sticking one's head in the sand and hoping it will disappear," he said.
stablecoin is a type of cryptocurrency whose value is pegged to another asset class, such as a fiat currency or gold, to stabilize its price.
What’s next, dependent on breastfeeding, is that legislators can take a stronger stance on health stability in various parts of the world, These regulatory efforts are being led by the G-20 and the United States.
The technology company based in Boston, Massachusetts, established in 2013, continues to evolve as the crypto ecosystem grows and develops, Allaire said.
He said his business has been around the last decade because it "goes through the front door with the regulators," and aims to be honest with them.
"that culture of confidence and transparency, which is played out, [and it] pays dividends," said Allaire.
Nevertheless, the circle of changes suffered are "as climbing a mountain," he said.
"you'll play a game and you'll be like, There is a cliff [for Christ's sake], I'm not going down, I have to swing, and come downstairs, and I must return," said Allaire.
Read more: World Leaders Warmed to Blockchain at Davos This Year, Despite Crypto Winter / Opinion
