Public Key

Everything You Need To Know About Stablecoin Regulation


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Stablecoin regulations have been slowly popping up around the world and in this episode, Ian Andrews (CMO, Chainalysis) speaks to the newly appointed Vice President and Deputy General Counsel, Global Policy at Circle, Corey Then and our very own policy expert, Caroline Malcolm to discuss stablecoin regulation, USDC’s integration into international markets and the threat of de-dollarization.


Corey explains how USDC works  and its role in the digital asset ecosystem, as well as Circle's business model and how it differs from other stablecoin issuers.

Corey and Caroline simplify the global regulatory landscape for stablecoins and discuss the importance of regulatory harmonization and the need for the US to enact payment stablecoin legislation, while maintaining high standards for AML/CFT requirements.

They also touch on the competition between stablecoins and Central Bank Digital Currencies (CBDCs), as well as the potential for stablecoins to facilitate dollarization in economies facing high inflation or restrictive capital controls.

Minute-by-minute episode breakdown
  • (2:00) - Overview of how USDC works and Circle's business model
  • (4:40) - Progress in the regulation and standards for stablecoins globally
  • (6:50) - Circle's role in leading stablecoin policy and increasing regulation concerns in USA
  • (19:50) - The emergence of BRICS and how does that impact global stablecoin ecosystem and industry players 
  • (25:21) - Grassroots adoption of cryptocurrency and stablecoins in markets with high inflation and capital controls
  • (30:50) - Importance of following AML and CFT regulations for stablecoin issuers
  •  

    Related resources

    Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key.

    • Website: Circle: We’re building a new internet financial system
  • Blog: Transparency Report:USDC is always redeemable 1:1 for US dollars, and EURC is always redeemable 1:1 for euros.
  • Video Series: The Money Movement (A conversation with Jeremy Allaire and Sheila Warren)
  • Report: The State of the USDC Economy Report
  • Report: The Chainalysis 2024 Crypto Crime Report (Coming soon!)
  • Event: Chainalysis Links Conference NYC 2024 (Apr. 9-10, 2024) - Early Bird Pricing On Now!
  • Blog: 54% of ERC-20 Tokens Listed on DEXes in 2023 Display Patterns That May Be Suggestive of Pump and Dump Schemes
  • Podcast: Ep. 44 - Everything You Need To Know About Crypto Market Manipulation
  • YouTube: Chainalysis YouTube page
  • Twitter: Chainalysis Twitter: Building trust in blockchain
  • Tik Tok: Building trust in #blockchains among people, businesses, and governments.
  • Telegram: Chainalysis on Telegram 
  • Speakers on today’s episode
    • Ian Andrews * Host * (Chief Marketing Officer, Chainalysis) 
  • Corey Then (Vice President and Deputy General Counsel, Global Policy, Circle)
  • Caroline Malcolm (Vice President, Global Public Policy, Chainalysis) 
  • This website may contain links to third-party sites that are not under the control of Chainalysis, Inc. or its affiliates (collectively “Chainalysis”). Access to such information does not imply association with, endorsement of, approval of, or recommendation by Chainalysis of the site or its operators, and Chainalysis is not responsible for the products, services, or other content hosted therein.

    Our podcasts are for informational purposes only, and are not intended to provide legal, tax, financial, or investment advice. Listeners should consult their own advisors before making these types of decisions. Chainalysis has no responsibility or liability for any decision made or any other acts or omissions in connection with your use of this material.

    Chainalysis does not guarantee or warrant the accuracy, completeness, timeliness, suitability or validity of the information in any particular podcast and will not be responsible for any claim attributable to errors, omissions, or other inaccuracies of any part of such material. 

    Unless stated otherwise, reference to any specific product or entity does not constitute an endorsement or recommendation by Chainalysis. The views expressed by guests are their own and their appearance on the program does not imply an endorsement of them or any entity they represent. Views and opinions expressed by Chainalysis employees are those of the employees and do not necessarily reflect the views of the company.

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    Public KeyBy Chainalysis

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