Circle, the U.S.-based issuer of the world's second-largest stablecoin, USDC, is advocating for regulatory frameworks in Asia that foster competition. Dante Disparte, Circle's chief strategy officer, emphasized the importance of accommodating both large banks and startups in the stablecoin sector, drawing on lessons from the American and European markets.
Circle went public on the New York Stock Exchange in June 2025, solidifying its position as a major player in the cryptocurrency space. Disparte's call for cross-border regulatory harmonization underscores the need for a balanced approach that encourages innovation while ensuring stability.
The discussion comes at a critical time as Asian jurisdictions explore how to integrate stablecoins into their financial systems. Circle's experience in issuing USDC, which is widely used for cross-border transactions and DeFi applications, provides valuable insights for regulators seeking to create inclusive stablecoin regimes.