Circle CEO warns of active and accelerating de-dollarization

The United States must implement stablecoin legislation and digitize the U.S. dollar to mitigate the “very active de-dollarization taking place” around the world right now, says Jeremy Allaire, the CE of stablecoin issuer Circle. Allaire’s comments at the Consensus 2023 conference on April 26 were made in light of the recent U.S. banking crisis.