Circle CEO: USDC is a neutral financial infrastructure layer, partnering with Visa and Mastercard rather than competing with them.

2026-01-23 01:29:55

Source: DigitalToday Original Title: Circle CEO “USDC is a Neutral Layer, Not Competing with Visa and MasterCard” Original Link: https://www.digitaltoday.co.kr/news/articleView.html?idxno=623407

Circle CEO Jeremy Allaire stated that the company’s dollar-pegged stablecoin USDC is being built as a neutral financial infrastructure, not competing with existing payment systems.

Allaire said in an interview, “Card networks like Visa and MasterCard are not competitors but important partners. Stablecoins operate based on network effects, and Circle does not compete with banks or payment institutions.” He added that while the long-term impact of stablecoins remains uncertain, they will play a new role in the financial system.

Against the backdrop of discussions in the U.S. Congress on digital asset regulation bills, Allaire pointed out that “bipartisan consensus is forming, and the core of these bills is to address not only stablecoins but the entire digital asset market.” He emphasized that both traditional finance and the cryptocurrency industry seek regulatory clarity.

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