Dante Disparte hinted the U.S. could take a leading role in stablecoin regulation in an effort to “avoid trans-Atlantic or global misalignment.”
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Dante Disparte hinted the U.S. could take a leading role in stablecoin regulation in an effort to “avoid trans-Atlantic or global misalignment.”
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As of June 30, about 75.6% of Circle’s reserves were held in U.S. Treasuries and 24.4% were held in cash at regulated financial institutions.
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In terms of daily turnover, the British pound (GBP) is the fourth most traded fiat currency in the world, according to the Bank for International Settlements.
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“With USDC, our business model is minimizing risk, not taking and managing risk,” wrote Jeremy Fox, Circle’s CTO.
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The USDT-to-USDC market cap ratio fell to its lowest ever in July 2022.
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Demand for stablecoins continues to rise as businesses look to on-chain liquidity to improve their operations.
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