# The Tether and Circle titans battling for control of the crypto future

Source: https://www.wsj.com/finance/currencies/who-is-giancarlo-devasini-tether-jeremy-allaire-circle-90a408b9?reflink=desktopwebshare_permalink&st=aPTzuo

## Comments

**macbudkowski.eth**: Seems like Circle tries to follow the regulatory capture playbook. Here's a great presentation by Benchmark's Bill Gurley introducing the concept: https://www.youtube.com/watch?v=F9cO3-MLHOM

**rvolz.eth**: Well yes, thanks to MiCA I just had to convert to USDC

**timdaub.eth**: > Well yes, thanks to MiCA I just had to convert to USDC

Actually just yesterday I borrowed Tether against WBTC on Aave. In fact, the EU regulation didn't bother me because ended up swapping the Tether to EURe. I now owe some Tether to Aave for them to return my WBTC.

I always felt this this is somehow funny, because, if anything, Tether can really just go below 1 USD and so it'd become easier for me to gain back access to my WBTC, no?