Paxos CEO urges US lawmakers to set cross-border stablecoin regulation
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Stablecoin firm Paxos is worried that the adoption of its USDG stablecoin may be affected by global regulatory arbitrage related to stablecoins.
US lawmakers are set for a heated debate on stablecoin regulation, with key industry leaders expected to outline their vision for the future of digital asset oversight.
Charles Cascarilla, co-founder and CEO of stablecoin issuer Paxos, is scheduled to testify before the House Financial Services Committee, urging lawmakers to establish “cross-jurisdictional reciprocity” in stablecoin regulations.
In his prepared testimony, Cascarilla flagged concerns about the existing hurdles in the adoption of Paxos’ Global dollar (USDG) stablecoin due to it being issued via a regulated affiliate in Singapore.
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すべての暗号通貨、NFT、DeFiを1か所から管理開始に使用しているポートフォリオを安全に接続します。