Circle executive says stablecoin restrictions could cost the U.S. $1 trillion in offshore dollar demand

Circle executive Nikhil Chandhok said resistance to U.S. dollar stablecoins could leave the United States missing out on as much as $1 trillion in overseas demand for dollars. He made the remark during a discussion at the Moonshots LIVE event, where ARK Invest CEO Cathie Wood was also part of the conversation. The item was reported by Techub, citing Crypto.news. No additional details were provided in the source brief beyond Chandhok’s estimate, the setting of the remarks, and the participants named in the discussion.