Online reports, according to Caixin. com, David A., Circle's vice president of strategy and public policy for Asia Pacific. Katz pointed out at a forum event in Singapore that digital assets must first ensure network security and the trading system will not be attacked by hackers; secondly, digital assets must be anchored one-to-one. Real, high-quality, high-liquid assets must be anchored behind them and managed by appropriate institutions. For example, about 90% of the asset reserves anchored by USDC are managed by BlackRock. Circle currently has more than 900 employees, about 300 of whom are lawyers and compliance officers. At the same time, digital assets such as stablecoins also require government supervision to become part of the international financial system.