PANews reported on February 26 that according to TheBlock, Circle and Tether have different views on the regulation of stablecoins in the United States. Circle CEO Jeremy Allaire believes that "there should be no free pass" and that stablecoins pegged to the US dollar should be registered and operated in the United States. At the same time, Tether CEO Paolo Ardoino claimed that USDT is the most successful tool for US dollar hegemony and distribution in emerging markets, and believes that the real intention of its "competitors" is to "kill Tether."
It is important to note that part of Tether's reserves are managed by Cantor Fitzgerald, and the company's former CEO Howard Lutnick was recently appointed by Trump as U.S. Secretary of Commerce. In January of this year, Trump also signed an executive order to protect the dollar, aimed at strengthening the U.S. government's support for stablecoin issuers, including efforts to promote the growth and development of compliant stablecoins backed by the U.S. dollar.