David Zaslowsky, a Partner at Baker McKenzie, recently published an article in Reuters Legal titled “Circle's IPO and the New Era of Stablecoin Regulation in the US.” The piece explores how the Initial Public Offering (IPO) of Circle Internet Group — the issuer of USDC, the second-largest stablecoin by market capitalization — is more than a corporate milestone and could reshape the US regulatory landscape for stablecoins. With bipartisan momentum building in Congress and USDC already under state-level oversight, David writes, this IPO may mark a turning point for how digital asset firms engage with public markets and federal regulators.
David’s key takeaways:
- The STABLE and GENIUS Acts signal bipartisan momentum toward a comprehensive US regulatory framework for stablecoins—ushering in clearer rules on licensing, reserves, audits, and consumer protections.
- Circle’s successful IPO — priced above expectations and doubling on its first day — demonstrates Wall Street’s growing confidence in stablecoins and their role in bridging traditional finance with digital assets.
- Circle’s proactive regulatory posture, including its BitLicense and transparent reserve attestations, positions it as a model for stablecoin issuers navigating the evolving US legal landscape.
Read the full article here: Circle’s IPO and the new era of stablecoin regulation in the U.S.