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Davos discussions signal US stablecoin regulation on the horizon

Photo: Pitinan Piyavatin, EyeEm/Getty Images

Katherine Dowling, Chief Compliance Office of Bitwise Asset Management, told CoinDesk that stablecoin legislation could come in this year.

Dowling’s comments echo those of Jeremy Allaire, CEO of payments company Circle, which issues USD Coin (USDC).

“Stablecoins are the lowest-hanging fruit. It’s the most straightforward. It’s a foundational piece,” Allaire said last week at Davos, speaking of the need for a new global financial market infrastructure. “This is a