Circle's CEO Urges US Registration for Stablecoin Issuers Amid Regulatory Push

Circle co-founder Jeremy Allaire called for the registration of US dollar-pegged stablecoin issuers in the United States during a Bloomberg interview on February 26. This appeal comes amid increasing discussions in Washington regarding stablecoin oversight and the introduction of new digital asset legislation. Allaire's statement aligns with efforts to establish a clear legal framework for stablecoins, which act as a bridge between traditional finance and cryptocurrencies. Senator Bill Hagerty introduced a bill earlier this month aiming to create a federal framework for stablecoin regulation. Circle's USDC is the second-largest stablecoin by market capitalization, and the company has been advocating for a clear legal framework to operate within the US financial system. The ongoing debate over stablecoin regulation is expected to shape the future of digital finance in the U.S.