After the US regulator SEC recently approved Bitcoin spot ETFs, Circle CEO Jeremy Allaire expects a stablecoin law to be passed in the US soon.
In 2024 the paper could turn out for Stablecoins in the USA. Jeremy Allaire, CEO of Circle, the company behind the popular stablecoin USD Coin (USDC), believes the US will pass legislation for stablecoin issuers this year. Stablecoins are cryptocurrencies pegged to assets such as the US dollar or gold. Unlike other cryptos like Bitcoin They are stable in value and their price is almost always constant.
With a market volume of $135.3 billion, stablecoins remain largely unregulated so far – a gap that the US, unlike other nations, has yet to close as crypto legislation advances. USDC is a digital currency that can be exchanged 1:1 for US dollars.
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