The cost of digital money will grow after the market becomes clear about the issue of regulation, the company’s director for legal and financial affairs opinion.
Reducing the volatility of the cryptocurrency market and the volume of trades is due to the fact that users are waiting for a clear position of the government regarding this industry, Claire Wells, director of legal and financial issues of Circle, says Express. She added that the cost of the first cryptocurrency in the coming months will start to grow again and this is inevitable.
“… I think that the price will again increase over the next few months, and I believe that many people simply expect how this will be regulated. I would not want to denote the price or the currency, but I really think that we will see an increase in price. I mean it’s inevitable, “Wells said.
The cryptocurrency start-up attracted in May 30% more institutional investors than in April. The head of the project Jeremy Aller said that Circle had 15 times more transactions with a minimum order of $ 250 thousand than last year.
The company plans to register with the US Securities and Exchange Commission as a brokerage trading platform. The startup announced the release of the USD Coin, the value of which will be linked to the US dollar.