Odaily Planet Daily News On June 14, Circle CEO Jeremy Allaire participated in a hearing of the House of Representatives Financial Services Committee on stablecoin regulation, saying that stablecoin regulation needs to develop national standards and, where appropriate, federal regulators enforce regulation.


In addition, Allaire said that stablecoin issuers should hold more stable asset reserves than banks, and should not adopt a partial reserve mechanism similar to the banking system to ensure that stablecoin funds used for payment and redemption will not be at risk.
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