Circle and Tether have differing views on the regulation of stablecoins in the United States
According to The Block, Circle and Tether have differing views on the regulation of US stablecoins. Circle CEO Jeremy Allaire believes there "shouldn't be a free pass", and that stablecoins pegged to the dollar should register and operate in the United States. Meanwhile, Tether CEO Paolo Ardoino claims that USDT is the most successful tool for dollar hegemony and distribution in emerging markets, believing its "competitors'" real intention is to "kill Tether".
It's worth noting that some of Tether's reserves are managed by Cantor Fitzgerald, whose former CEO Howard Lutnick was recently appointed as U.S. Secretary of Commerce by Trump. In January this year, Trump also signed an executive order protecting the dollar aimed at strengthening U.S government support for stablecoin issuers which includes efforts to promote growth and development of compliant stablecoins backed by dollars.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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