With the collective market capitalization of stablecoins climbing past $300B, a growing number of enterprises are facing a pivotal question: is it time to issue a proprietary token?

Circle CCO @KashRazzaghi clarifies that the answer relies on strategy rather than technology.

Running a regulated, trustworthy stablecoin at a significant scale is no small feat. It demands robust banking partnerships, ongoing reserve management, compliance with global regulations, and operational safeguards that have been tested across different market cycles.

From a systemic perspective, launching a new, isolated stablecoin only serves to fracture liquidity and erode trust. Conversely, adopting established and regulated assets like EURC and @USDC helps centralize liquidity, standards, and operational excellence within a universally adopted network.

As institutions formulate their plans for stablecoins, the primary step should not be determining what to construct, but rather identifying the right partners to work with.

For those seeking to leverage stablecoins for business operations without assuming the role of an issuer, the solution is evident: use USDC.

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