Circle and Tether have differing views on U.S. stablecoin regulation

ChainCatcher news, according to The Block, Circle and Tether have differing views on U.S. stablecoin regulation. Circle CEO Jeremy Allaire believes that "there shouldn't be a free pass," and stablecoins pegged to the dollar should be registered and operated in the U.S. Meanwhile, Tether CEO Paolo Ardoino claims that USDT is the most successful tool for dollar hegemony and distribution in emerging markets, and believes that the true intention of its "competitors" is to "kill Tether."

It is worth noting that a portion of Tether's reserves is managed by Cantor Fitzgerald, and the company's former CEO Howard Lutnick was recently appointed by Trump as the U.S. Secretary of Commerce. In January of this year, Trump also signed an executive order to protect the dollar, aimed at strengthening the U.S. government's support for stablecoin issuers, which includes efforts to promote the growth and development of dollar-backed compliant stablecoins.