Circle CEO Jeremy Allaire (제레미 얼레어) says the company is building its dollar-pegged stablecoin USDC as neutral financial infrastructure rather than competing with existing payment systems, Cointelegraph reported on Wednesday.
Allaire told CNBC that card networks such as Visa and Mastercard are important partners, not competitors. He said stablecoins work based on network effects and Circle does not compete with banks or payment firms. He added that the long-term impact of stablecoins remains uncertain, but they will take on a new role within the financial system.
With U.S. Congress discussing digital asset regulation bills, Allaire said bipartisan agreement is forming and that a key point is that the legislation covers not only stablecoins but also the broader digital asset market. He also stressed that both traditional finance and the crypto industry want regulatory clarity.
Chi-gyu Hwang
delight@d-today.co.kr