Circle executives stress digital assets need cybersecurity and government regulation

According to PANews, David A. Katz, vice president of strategy and public policy at Circle Asia Pacific, said at the Singapore Forum that digital assets need to ensure cybersecurity and prevent hackers. In addition, digital assets need to be anchored to real, high-quality, and high-liquid assets one-to-one and entrusted by appropriate institutions, such as approximately 90% of USDC's reserves are entrusted by BlackRock. Circle currently has more than 900 employees, of which about 300 are lawyers and compliance personnel. Katz also pointed out that digital assets such as stablecoins require government supervision to become part of the international financial system.