Circle executive: Stablecoins require global regulatory coordination

Jinse Finance reported that Patrick Hansen, Senior Director of Strategy and Policy at Circle, stated that stablecoins, as the fastest-growing sector in digital finance, can only realize their cross-border potential through regulatory coordination among countries. He pointed out that French President Macron and German Chancellor Merz have already proposed cooperation with third countries on crypto asset regulation. Currently, the EU's MiCA and the US GENIUS Act are converging on standards for reserves, transparency, and governance, but differ in their approach to foreign issuers. He called for enhanced mutual recognition and cross-border regulatory collaboration between the US and Europe in the next 12-24 months to avoid market fragmentation and promote stablecoins as the foundation for global payments.