PANews reported on March 6 that according to CoinDesk, an article in the Wall Street Journal delves into the contrasting styles between Tether's Giancarlo Devasini and Circle's Jeremey Allaire. The article stated that Giancarlo Devasini, who recently resigned as Tether's long-time chief financial officer and is now its chairman, maintains a low-key life in the Swiss town of Lugano. Meanwhile, Circle founder Jeremy Allaire is happy to deal with politicians and Wall Street executives. This conflict is both an ideological contest and a commercial competition. Tether embraces the free spirit of cryptocurrency, while Circle promotes mainstream acceptance through regulation.

“Circle can’t win if Tether exists,” Devasini said a few months ago. The outcome of this battle will determine the future of stablecoins. If regulators succeed in marginalizing Tether, Circle’s USDC could gain market share and bring stablecoins further into the traditional financial system. If Tether survives, and the resilience it has shown in the past after dealing with commercial paper reserve problems remains, it will strengthen crypto’s ability to operate outside of centralized influence. Whatever the outcome, the stakes are high as crypto companies compete for dominance in a multi-trillion dollar industry.

Allaire told Fox's "Mornings with Maria" on Tuesday that digital currency is a "technological superpower dollar" that will have a profound impact on the United States and small businesses. At the same time, it can eliminate the fees spent on paying credit card companies or sending money overseas, making the impact of digital currency far beyond becoming the world's economic superpower.