Circle executives call for global stablecoin regulatory cooperation

According to a report by Jinse Finance, Circle's Senior Director of Strategy and Policy, Patrick Hansen, stated that stablecoins, as the fastest-growing area of digital finance, can only realize their cross-border potential with coordinated regulation among countries. He pointed out that French President Macron and German Chancellor Merz have proposed cooperation with third countries on the regulation of crypto assets. Currently, the EU's MiCA and the US's GENIUS bill are converging on standards for reserves, transparency, and governance, but there are differences in the treatment of foreign issuers. He called for the US and Europe to strengthen mutual recognition and cross-border regulatory cooperation in the next 12-24 months to avoid market fragmentation and to promote stablecoins as a global payment foundation.