Circle CEO Jeremy Allaire predicts US President Donald Trump will soon issue an executive order regarding crypto.
The move is said to open up opportunities for banks to trade digital assets, as well as offer crypto investments to clients.
“I hope this executive order makes it easier for financial institutions to hold crypto assets,” Allaire said in an interview with the Reuters Global Markets Forum.
It is known that Circle is currently the issuer of the USDC stablecoin whose value is pegged to the US dollar. They also rank as the second largest stablecoin by market capitalization, just below Tether (USDT).
Previously, Trump had expressed his commitment as a pro-crypto president with the aim of eliminating restrictive regulations. In addition to Circle, Coinbase also welcomed Trump's more relaxed policies.
Coinbase Chief Policy Officer Faryar Shirzad said widespread adoption would provide significant benefits to the crypto ecosystem and that the company would support broader participation, including from banks.
