According to PANews news on June 12, according to Forbes, the USDC stablecoin issuer Circle believes that if regulation eventually involves cryptocurrencies and stablecoins, its methodical approach will put it in a leading position.

Circle CEO Jeremy Allaire said in an interview that if stablecoins become well-regulated and safe and secure investments, he is not worried about competition, because "the latest draft of the stablecoin bill that was submitted to the House of Representatives in April, we End up doing more business with banks than they currently do, banks can't get involved because they're not authorized, there's no clear path, and they can't hold stablecoins on their balance sheets because there's no way for them to do so under the current rules Do. So this will actually increase the adoption of USDC by banks.”
In response to Circle’s small exposure to Silicon Valley Bank and Signature Bank, Allaire claimed that if it was up to him, he would not keep funds in commercial banks at all. Under normal circumstances, the FDIC only supports $250,000 in deposit accounts, which is fine for most individuals, but not enough for businesses, especially those in the money transfer business. “We’ve been arguing for a long time that we don’t want to have exposure to the commercial banking system,” Allaire said. He wants Circle to be regulated like a bank so it doesn’t need to be dependent on a bank.