Trading & Financial News
No Result
View All Result
Saturday, June 28, 2025
  • Login
  • Economy
  • Markets
  • Forex News
  • Investing
  • Stock Trading
  • Crypto
Subscribe
Trading & Financial News
  • Economy
  • Markets
  • Forex News
  • Investing
  • Stock Trading
  • Crypto
No Result
View All Result
Trading & Financial News
No Result
View All Result
Home Crypto

It’ll Pay to ‘Choose Circle Over Tether’ Under U.S. Stablecoin Proposal

by Tradinghow
April 22, 2024
in Crypto, Stock Trading
A A
0
It’ll Pay to ‘Choose Circle Over Tether’ Under U.S. Stablecoin Proposal
152
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter


Senators Lummis and Gillibrand propose legislation favoring domestic entities over offshore ones, aiming for a safer cryptocurrency environment.

https://primexbt.investments/start_trading/?cxd=459_549985&pid=459&promo=[afp7]&type=IB https://primexbt.investments/start_trading/?cxd=459_549985&pid=459&promo=[afp7]&type=IB https://primexbt.investments/start_trading/?cxd=459_549985&pid=459&promo=[afp7]&type=IB

The recent discussions around stablecoin regulation in the United States have sparked significant interest, particularly with the proposed legislation by Senators Cynthia Lummis and Kirsten Gillibrand. This new bill could reshape the landscape of how stablecoins are managed, favoring U.S.-regulated entities over their offshore counterparts.

Understanding the Proposed Stablecoin Regulations

Senators Lummis and Gillibrand have introduced a bill that aims to create a more structured regulatory environment for stablecoins. A stablecoin is a type of cryptocurrency that is typically pegged to a stable asset like the U.S. dollar, making it less volatile compared to other types of cryptocurrencies. The proposed legislation seeks to establish a framework similar to that of traditional banking for stablecoin issuers, particularly those issuing over $10 billion in tokens. These issuers would be required to operate like regulated depository institutions, ensuring a higher level of security and compliance.

Circle vs. Tether: The Impact of Regulation

Under the new regulations, U.S.-based Circle Internet Financial, known for its stablecoin USDC, would likely have a significant advantage over Tether, which is based offshore. Senator Lummis highlighted that the regulatory framework would favor companies like Circle that are already compliant with U.S. financial regulations. This compliance makes it easier for Circle to adapt to new requirements compared to Tether, which might face challenges due to its offshore status.

The preference for U.S.-regulated stablecoins is expected to grow among U.S. consumers, who generally perceive them as safer and more reliable due to the stringent regulatory standards they meet. This shift could lead to a more stable and trustworthy environment for digital currency transactions in the U.S.

Takeaways

For consumers and investors in the cryptocurrency market, understanding the implications of these proposed changes is crucial. Choosing to invest in or use stablecoins issued by regulated entities like Circle could offer more security and potentially less risk in the face of regulatory changes. Additionally, staying informed about the progress of this legislation will be important as it could affect the stability and legality of using various stablecoins in the U.S.



Source link

  • Trending
  • Comments
  • Latest
The Evolving International Cannabis Landscape

The Evolving International Cannabis Landscape

March 20, 2024
UK Faces Two Decades of No Earnings Growth and More Austerity

UK Faces Two Decades of No Earnings Growth and More Austerity

July 29, 2023
Uniswap Launches Permissionless Bridging Across 9 Networks

Uniswap Launches Permissionless Bridging Across 9 Networks

October 24, 2024
China tech groups lead multibillion-dollar campaign to help exporters sell at home

China tech groups lead multibillion-dollar campaign to help exporters sell at home

April 20, 2025
High Street Retailers Pin Hopes On Discount Splurge In Black Friday Fever

High Street Retailers Pin Hopes On Discount Splurge In Black Friday Fever

0
UK Faces Two Decades of No Earnings Growth and More Austerity

UK Faces Two Decades of No Earnings Growth and More Austerity

0
Learn how to trade. For beginners

Learn how to trade. For beginners

0
Trading for beginners

Trading for beginners

0
Nigerian billionaire, Dangote, sets ambitious goal with .5 billion fertilizer plant

Nigerian billionaire, Dangote, sets ambitious goal with $2.5 billion fertilizer plant

June 27, 2025
Crizac fixes IPO price band at ₹233-245

Crizac fixes IPO price band at ₹233-245

June 27, 2025
Analyzing the Russell Indexes Last Annual Reconstitution

Analyzing the Russell Indexes Last Annual Reconstitution

June 27, 2025
China’s ‘Summer Davos’ offers rare respite from trade war

China’s ‘Summer Davos’ offers rare respite from trade war

June 27, 2025

Recent News

Nigerian billionaire, Dangote, sets ambitious goal with .5 billion fertilizer plant

Nigerian billionaire, Dangote, sets ambitious goal with $2.5 billion fertilizer plant

June 27, 2025
Crizac fixes IPO price band at ₹233-245

Crizac fixes IPO price band at ₹233-245

June 27, 2025

Categories

  • Business
  • Crypto
  • Economy
  • Forex News
  • Investing
  • Markets
  • More
  • Stock Trading
  • Trading for beginners

Site Navigation

  • Home
  • Contact Us
  • Stock Trading
  • Markets
  • Investing
  • Other Links
  • Privacy & Policy
Trading & Financial News

We bring you the fastest breaking news on Trading, forex, and finance submitted from credible and reliable news sources around the world.

© 2023 Tradinghow Useful forex analysis and financial news, submitted by credible news sources around the world.tradinghow.

No Result
View All Result
  • Contact Us
  • Home
  • Economy
  • Crypto
  • Investing
  • Markets
  • Forex News
  • Stock Trading

© 2023 Tradinghow Useful forex analysis and financial news, submitted by credible news sources around the world.tradinghow.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In