The article discusses the battle between Tether and Circle, two major players in the stablecoin industry. Tether embraces the freewheeling nature of crypto while Circle aims for mainstream acceptance through regulation. The outcome of this battle will shape the future of stablecoins, with Circle's USDC potentially gaining market share if Tether is sidelined by regulators. Lawmakers have introduced bills targeting stablecoin regulation, which could require Tether to adjust its reserves. However, the passage of these bills is uncertain. Circle founder Jeremy Allaire believes that digital currency, like USDC, can have profound implications for the United States and small businesses, reducing costs and expanding economic opportunities. USDC is described as "America’s first digital dollar" and has seen significant growth in transaction volume.



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