Circle CEO Says US Dollar Will Lose Global Dominance Without Stablecoin Legislation
Circle CEO Jeremy Allaire warns that if stablecoins are not protected, the US dollar will lose global dominance. Allaire urges policymakers to build trust in digital dollars and regulate stablecoins to maintain the dollar's position as the world reserve currency. Circle, the issuer of USD Coin (USDC), calls for a legal framework that ensures compliance and allows the dollar to remain strong in the face of increasing competition from digital currencies like the digital yuan and euro.
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Circle CEO Says US Dollar Will Lose Global Dominance Without Stablecoin Legislation
Circle CEO Jeremy Allaire warns that if stablecoins are not protected, the US dollar will lose global dominance. Allaire urges policymakers to build trust in digital dollars and regulate stablecoins to maintain the dollar's position as the world reserve currency. Circle, the issuer of USD Coin (USDC), calls for a legal framework that ensures compliance and allows the dollar to remain strong in the face of increasing competition from digital currencies like the digital yuan and euro.