Circle exec urges room for banks, startups in Asian stablecoin regimes

What happened: Circle chief strategy officer Dante Disparte urged Asian jurisdictions to make room for competition in stablecoin regulation, saying US and European experience shows the sector can accommodate big banks and startups. Why it matters: The comments come as Asian regulators shape stablecoin regimes, and Circle is pressing for rules that allow both established banks and new entrants to operate.

Circle chief strategy officer Dante Disparte urged Asian jurisdictions to make room for competition in stablecoin regulation, saying US and European experience shows the sector can accommodate big banks and startups.

The comments come as Asian regulators shape stablecoin regimes, and Circle is pressing for rules that allow both established banks and new entrants to operate.