Stablecoin Issuers Must Register in US

Circle CEO Advocates for U.S. Registration of Stablecoin Issuers

• Jeremy Allaire, CEO of Circle, criticized stablecoin issuers for not registering in the U.S.
• Allaire emphasized that registration is necessary to access the U.S. market.
• Tether, the largest USDT issuer, was highlighted for its offshore registration practices.
• The absence of a stablecoin regulatory framework in the U.S. complicates market dynamics.
• Senator Kirsten Gillibrand plans to introduce a bill assigning state-level supervisory roles.

Jeremy Allaire has urged stablecoin issuers like Tether to register in the United States to ensure compliance and access to its market, amid ongoing regulatory challenges and legislative efforts led by figures such as Senator Kirsten Gillibrand.