Creating a stablecoin is easy. Operating one isn’t. As stablecoins surpass $300B in market cap, many enterprises are asking the same question: should we issue our own? As Circle CCO @KashRazzaghi explains, this isn’t a technical decision. It’s a strategic one. Issuing a token is straightforward. Operating a trusted, regulated stablecoin at scale requires continuous reserve management, global regulatory oversight, deep banking relationships, and operational controls proven through market cycles. At the system level, every new proprietary stablecoin fragments liquidity and trust. By contrast, integrating established, regulated stablecoins like @USDC and EURC consolidates standards, liquidity, and operational rigor into a single, widely adopted network. For institutions defining their stablecoin strategy, the first move shouldn’t be deciding what to build. It should be deciding who to build with. If you want stablecoins powering your business, without becoming an issuer yourself, the choice is clear: use USDC. https://www.circle.com/blog/the-stablecoin-trap-issuing-a-stablecoin-without-the-infrastructure-to-run-one(Circle)