Key facts
- Circle is urging Asian jurisdictions to allow competition in stablecoin regulations.
- Chief Strategy Officer Dante Disparte cited US and European markets as examples of successful coexistence between banks and startups in the stablecoin sector.
Circle, the U.S. issuer of the world's second-largest stablecoin, USDC, is calling on Asian jurisdictions to create regulatory environments that allow for competition within the stablecoin sector. Dante Disparte, Circle's chief strategy officer, suggested that these markets can successfully integrate both large financial institutions and newer startup companies, referencing the outcomes observed in the American and European regulatory landscapes.