Tether USDt

USDC

Citadel

Coin

<a href="https://en.coin-turk.com/" target="_blank" rel="noopener" data-wpel-link="internal">Crypto</a> investors are currently feeling anxious due to lawsuits launched against Binance and Coinbase, an asset freeze on BinanceUS, and negative rumors surrounding Tether (USDT). With question marks over who to trust in the crypto sector, USD Coin (USDC) issuer Circle made a tactical move by adding Heath Tarbert, a well-established name in the U.S., to its team. 
<h2 style="text-align: justify;" id="tarbert-in-usdc-team">Tarbert in USDC Team</h2>
Tarbert, former chairman of the U.S. Commodity Futures Trading Commission (CFTC) and a veteran of several key U.S. institutions such as the Treasury, the White House, the Justice Department, and the Supreme Court, left his position at Citadel Securities to join Circle. Circle&#8217;s CEO, Jeremy Allaire, underlined Tarbert&#8217;s significant experience and emphasized that his expertise and leadership will be crucial for Circle&#8217;s growth. As accusations of insufficiency continue against USDT and as lawsuits pile up, this move by Circle could replenish trust. 
<img decoding="async" loading="lazy" class="aligncenter wp-image-83639 size-full" src="https://en.coin-turk.com/wp-content/uploads/2023/06/usdt-usd-c.png" alt="" width="1002" height="436" srcset="https://en.coin-turk.com/wp-content/uploads/2023/06/usdt-usd-c.png 1002w, https://en.coin-turk.com/wp-content/uploads/2023/06/usdt-usd-c-300x131.png 300w, https://en.coin-turk.com/wp-content/uploads/2023/06/usdt-usd-c-768x334.png 768w" sizes="(max-width: 1002px) 100vw, 1002px" />
Currently, there is ambiguity in the U.S. about the regulation of cryptocurrencies, and both the SEC and the CFTC are making efforts in this regard. The appointment of Tarbert, who possesses substantial lobbying and regulation experience, is hardly coincidental at this critical juncture. 
<h2 style="text-align: justify;" id="usdc-and-usdt-competition">USDC and USDT Competition</h2>
USDC, the 5th largest cryptocurrency by total market value, boasts a total value of $28 billion. Its competitor, Tether (USDT), with a value of $83 billion, is certainly a tough contender to surpass. <a href="https://en.coin-turk.com/unveiling-the-dynamics-of-stablecoins-tether-usdt-dominates-amid-shaky-economic-climate/" target="_blank" rel="noopener" data-wpel-link="internal">USDT</a>&#8216;s 24-hour trading volume is also more than five times that of USDC. However, regulatory uncertainties could potentially tilt in favor of USDC. 
The post <a rel="nofollow" href="https://en.coin-turk.com/circle-boosts-confidence-with-strategic-addition-amid-crypto-skepticism-ex-cftc-chair-joins-team/" data-wpel-link="internal">Circle Boosts Confidence with Strategic Addition Amid Crypto Skepticism: Ex-CFTC Chair Joins Team</a> appeared first on <a rel="nofollow" href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Circle Boosts Confidence with Strategic Addition Amid Crypto Skepticism: Ex-CFTC Chair Joins Team

Table of Contents

COINTURK NEWS

Autres articles publiés le 8 juin 2023

Revolutionary Mining-Finance Protocols: The Future of Cryptocurrency Mining

Massive crypto influx: 110 million new users enter markets despite regulatory fears

Bitcoin's Decade-Long Holders Trigger Market Stir with Surprising Movement

The Upland Universe is Expanding to Berlin!

Claire Silver and RSTLSS to create a digital fashion minting experience

Over $70 Billion Transacted via Silvergate and Signature Bank in Connection with Binance

Join our free newsletter for daily crypto updates!