Business · Markets · 1 hr ago
Circle urges Asian regulators to allow banks and startups to compete in stablecoins
Circle is urging Asian jurisdictions to allow competition in stablecoins.
Its chief strategy officer, Dante Disparte, made the case in Hong Kong.
Circle is a US company and issuer of USDC, the world’s second-largest stablecoin.
Stablecoins are cryptocurrencies designed to maintain a stable value.
Disparte said experience in the American and European markets shows that banks and startups can both operate in the sector.
Circle also hopes Asian rules can be harmonized across borders.
The jurisdictions would need to decide how to shape their rules; no next steps were specified.
Circle is urging Asian jurisdictions to allow competition between banks and startups in stablecoins.
Chief strategy officer Dante Disparte said experience in American and European markets shows both can operate in the sector.
Circle is the U.S. issuer of USDC, described as the world’s second-largest stablecoin.
The company is seeking cross-border regulatory harmonization.
Circle listed on the New York Stock Exchange in June 2025.
- Who
- Circle and its chief strategy officer, Dante Disparte.
- What
- Circle is urging Asian regulators to make room for competition between banks and startups in stablecoins.
- When
- October 27, 2026.
- Where
- Asian jurisdictions; the report was datelined Hong Kong.
- Why
- Disparte said American and European market experience shows the sector can accommodate both large banks and startups.
This story does not have two clearly opposing sides.
Circle listed on the New York Stock Exchange.
Circle urged Asian jurisdictions to make space for competition in stablecoins.
- Company
- Circle
- Executive
- Dante Disparte, chief strategy officer
- Stablecoin
- USDC
- Market position
- World's second-largest stablecoin issuer
- Listing
- New York Stock Exchange, June 2025