US Congress can use stablecoin bill to strengthen Dollar competitiveness: Circle CEO

Circle CEO Jeremy Allaire said the U.S. Congress shouldn’t miss the opportunity of using the stablecoin bill to strengthen the dollar’s competitiveness and safety.

In an April 25 Twitter thread, Allaire noted that the earlier draft of the stablecoin bill included provisions that would strengthen the U.S. dollar’s resilience. According to him, the Digital dollar could boost the U.S.’s ability to face the rising global competitive threats.