Jeremy Allaire, co-founder of Circle, has emphasized the importance of US regulations in the stablecoin market. He advocates for all stablecoin issuers, regardless of their location, to register under US laws to ensure enhanced regulatory oversight.
Allaire argues that stablecoins linked to the US dollar should adhere to US regulations to uphold financial integrity and protect consumers.
His remarks come amid growing scrutiny of stablecoins, with US lawmakers introducing new legislation aimed at regulating these digital assets.
He insists that any stablecoin issuer, whether based outside the US or domestically, must comply with US laws to offer their products to American consumers.
Allaire highlights that such regulations are necessary to maintain fairness, legal compliance, financial stability, and consumer protection in the expanding market of digital assets.
