Since the bankruptcy of Silicon Valley Bank (SVB) led to the link of smooth password (USDC) on March 10th, Circle has been the subject of cryptographic discussion activities. Now that the company has cleared the backlog of orders, USDC is once again pegged to the US dollar at 1:1, and it is looking forward to the future development of the enterprise and industry.

When interviewed by Cointelegraph at the WOW conference in Hong Kong, Raagulan Pathy, senior vice president of Circle Asia Pacific, said that the company was thinking about the events around him and was committed to creating more strategic partnerships among financial institutions at the international level.

"We have no plans to relocate the reserves at the moment. We have a strong stock fund to manage our reserves. It took a lot of time to create clarity around it, and formed this.

After the collapse of SBV, Circle quickly announced that Cross River Bank would re-establish a strategic partnership with financial institutions and increase its relationship with Bank of New York Mellon. Pathy says Circle currently owns 80% of its savings and government bonds.

"We eventually want to save all our cash for the Fed meeting and make payments to the Fed meeting, because it also removes us from our dependence on TradFi partners."

Pathy made it clear once again that the company has no plans to demolish its head office and is headquartered in the United States at this stage, which collectively calls the regulatory natural environment in the United States "very unstable."

However, he commented on the regulatory rules and regulations of other countries, such as Singapore, praising Singapore's "conservative approach at the regulatory level". According to Pathy, the country has a "shallow to deep" approach to passwords.

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Pathy also described the main business processes of Circle in Singapore and its recent recovery in Hong Kong.

Generally speaking, as an enterprise, we are walking on the road of economic globalization. People are trying to get more people to work on the road in areas where the natural environment is better for us.

In terms of regulatory and innovation market prospects, Singapore is increasingly seen as a password-friendly destination for companies in this field. On the other hand, the United States has been cracking down on the field of data encryption.

An evaluator recently called the actions of US regulators an "operation" on data encryption. Others believe that the US S's stringent regulatory and administrative enforcement response to the password industry has created a vacuum pump for other countries to surprise to cultivate a vibrant picture.

Magazines and periodicalsUs law enforcement agencies have increased penalties for password-related crimes