CoinWorld News reports that Circle CEO Jeremy Allaire stated that the company views its stablecoin USDC as a neutral financial infrastructure with network effects, rather than a product competing with payment companies like Visa. He emphasized that Circle is a “neutral company,” not competing with banks or exchanges, and described stablecoins as “network effect businesses.” Allaire also mentioned that both parties have the willingness to promote the US Digital Asset Market Clarity Act. Currently, USDC has a market capitalization of approximately $74.2 billion, making it the second-largest stablecoin.

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